April 20, 2020
For the first time in history, oil prices drop below zero, an effect of the 2020 Russia-Saudi Arabia oil price war.
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Source: Wikipedia (CC BY-SA)
On April 20, in the year 2020:
For the first time in history, oil prices drop below zero, an effect of the 2020 Russia-Saudi Arabia oil price war.
The price of oil, or the oil price, generally refers to the spot price of a barrel of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil, Isthmus, and Western Canadian Select (WCS) among others.
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Source: Internal
Why April 20, 2020 matters:
For the first time in history, oil prices drop below zero, an effect of the 2020 Russia-Saudi Arabia oil price war.
What began on this day left a lasting mark on history. The effects were felt immediately and continued to shape events, ideas, and lives long afterwards.
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Source: Internal
Historical context: April 20, 2020
The 21st century has already seen profound shifts: the digital revolution has connected billions while reshaping politics and culture; climate change has emerged as a defining crisis; and new powers have risen to challenge the world order that followed the Cold War.
The event on this day: For the first time in history, oil prices drop below zero, an effect of the 2020 Russia-Saudi Arabia oil price war.
Source: https://en.wikipedia.org/wiki/Price_of_oil (Wikipedia, CC BY-SA)
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