Axios Re:Cap

Oil Breaks the Internet

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April 21, 2020 11:05am

8m

Oil prices suddenly went negative Monday evening, a sign that oil supply is outpacing demand as travel by planes and cars dramatically decreases — but the historic nature of this price drop also speaks volumes to the volatility that coronavirus is introducing to so many markets. Dan is joined by Axios energy reporter Ben Geman to discuss what this means for the oil industry.  PLUS: Facebook blocks COVID truther protests and the next big problem with health care Learn more about your ad choices. Visit megaphone.fm/adchoices