File:Selected North American crude oil prices March 1 through May 13, 2020 (49941454556).png
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Summary
| Description |
The New York Mercantile Exchange (NYMEX) front-month futures contract for West Texas Intermediate (WTI), the most heavily used crude oil price benchmark in North America, saw its largest and swiftest decline ever on April 20, 2020, dropping as low as -$40.32 per barrel (b) during intraday trading before closing at -$37.63/b. Prices recovered, and even though the market event proved short-lived, the incident is useful for highlighting the interconnectedness of the wider North American crude oil market. <a href="https://www.eia.gov/todayinenergy/detail.php?id=43875" rel="noreferrer nofollow">www.eia.gov/todayinenergy/detail.php?id=43875</a> May 27, 2020 |
| Date | |
| Source | Selected North American crude oil prices March 1 through May 13, 2020 |
| Author | U.S. Energy Information Administration |
Licensing
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This image is a work of a United States Department of Energy (or predecessor organization) employee, taken or made as part of that person's official duties. As a work of the U.S. federal government, the image is in the public domain.
Please note that national laboratories operate under varying licences and some are not free. Check the site policies of any national lab before crediting it with this tag.
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This image was originally posted to Flickr by U.S. Energy Information Administration at https://flickr.com/photos/124982865@N08/49941454556. It was reviewed on 29 May 2020 by FlickreviewR 2 and was confirmed to be licensed under the terms of the United States Government Work. |
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| Date/Time | Thumbnail | Dimensions | User | Comment | |
|---|---|---|---|---|---|
| current | 04:45, 29 May 2020 | | 1,109 × 555 (162 KB) | MarginalCost | Transferred from Flickr via #flickr2commons |
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