3 Oil Stocks That Might Go Bankrupt In 2020

FORBES | The oil market has seen a near-term implosion because of the coronavirus or Covid-19 downturn. The pandemic has triggered an unprecedented decline in oil and gas demand putting financial pressure of the sort the industry hasn't seen in crises past.


Global proxy oil benchmark Brent, albeit up in recent sessions, is trading down nearly 55% since the start of the year while the West Texas Intermediate is down 57% having fallen into a bizarre historic first of negative prices on April 20, 2020 – a date that has acquired commodity trading infamy.


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