Oil Boom 2021: The Time For Artificial Constraint Is Over

December 12, 2021 Siddhant Goyal

Date of Publication: Oct 18, 2021

Author: David Blackmon

Summary:

On April 20, 2020, during the depths of the COVID-19 pandemic, the price for a barrel of West Texas Intermediate crude oil fell by 306% in a single trading day to close at negative $37.63. On Monday, October 18, 2021, WTI opened above $83 per barrel, a rise of more than $120.

Link to Full Reading:

https://www.forbes.com/sites/davidblackmon/2021/10/18/oil-boom-2021-the-time-for-artificial-constraint-is-over/