Associated Press/Photo by Eric Gay

Oil prices drop below zero

by Lynde Langdon
Posted 4/21/20, 11:06 am

Suppliers expect to have so much crude oil on their hands next month they don’t know where they will put it all. That’s why one benchmark for the price of American oil briefly got as low as minus $37.63 on Monday. By Tuesday, it rose back above zero.

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Associated Press/Photo by Marcio Jose Sanchez

Layoffs add to economic misery

by Lynde Langdon
Posted 4/03/20, 10:51 am

The coronavirus outbreak brought on the first net loss in employment in the United States in almost a decade, according to the U.S. Bureau of Labor Statistics on Friday. Employers slashed 701,000 jobs last month.

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Associated Press/Photo by John L. Mone (file)

Venezuela seizes six American oil executives

by Mickey McLean
Posted 2/07/20, 11:06 am

Shortly after Venezuelan opposition leader Juan Guaidó visited the White House, authorities in his home country rounded up a half dozen American oil executives. Family members said government intelligence officers abruptly took the men, who were previously under house arrest, from their homes Wednesday night. Their whereabouts are unknown.

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