FRANCE 24 English published this video item, entitled “One year on: could negative oil prices ever return?” – below is their description.
In April 2020, something unprecedented happened in the oil markets: the price of West Texas Intermediate plunged below zero. The slump was due to a combination of oversupply, plunging demand and a shortage of storage space in the United States. Oil prices have since recovered, but could it ever happen again? Also today, we find out how some of Greece’s smaller islands are preparing for tourists to return, as the country lifts quarantine requirements for travellers from the European Union and United States.
FRANCE 24 English YouTube Channel
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