A rerun of last month’s oil market plunge that took the New York Mercantile Exchange’s now expired May crude oil contract into negative price territory can’t be ruled out, the Commodity Futures Trading Commission warned Wednesday, urging the futures industry to be prepared.
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Historic Oil Bust Delivers A Gut Punch To A High-Flying Texas CountyOil companies have slashed production across west Texas and southeast New Mexico. And for some communities, the economic effect — on top of pandemic-driven shutdowns — has been devastating.
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