Oil price crashes to record low

Oil Price Crashes to Record Low

Crowley

“Classic supply and demand imbalance.” “Perfect storm.” “Insane.” That’s how government and oil industry officials described the historic collapse of crude oil prices this week. On Friday of last week (April 17), oil closed at $18.27 per barrel for May delivery, but when markets opened on Monday the selloff began…

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Alex Mills is the former President of the Texas Alliance of Energy Producers. The Alliance is the largest state oil and gas associations in the nation with more than 3,000 members in 305 cities and 28 states.

 

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