US crude price slumps below zero dollars for first time

Oil futures plunged below zero on Monday, the latest never-before-seen number to come out of the economic coma caused by the coronavirus pandemic. The price for West Texas Intermediate for May 2020 delivery stood at negative $37.63 dollars per barrel at New York close. It was at roughly $60 at the start of the year.

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In This Story: France

France is a republic and the largest Western European nation. Through expansion and colonisation in the 17th and 18th centuries France became a great power and still retains territories around the world. It has a seat on the UN security council and is the world’s fourth most wealthy country with a high standard of living and strong cultural identity.

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