Oil almost back to where it started week after plunge below zero

With still no clear indication of when demand might recover, the market is set for a prolonged slump that will reshape the industry for years to come. Oil’s collapse will be followed by the weakest recovery in history, according to the World Bank, while consultancy Rystad Energy revised down its demand estimates for a fourth time since early March.

from Hindustan Times - business https://ift.tt/2Kv2jc6