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Oil went below $0. Some think it will rebound to $150 one day. #WSJ

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Friday, 10 July, 2020, 14:10
Oil went below $0. Some think it will rebound to $150 one day. #WSJ

Oil markets began the 2020s by nosediving below $0 a barrel for the first time. Investors and analysts are now trying to work out what the rest of the decade holds in store.Crude markets began the 2020s by nosediving below $0 a barrel for the first time. Investors and analysts are now trying to work out what the rest of the decade holds in store.July 9, 2020 5:30 am ETOil markets began the 2020s by nosediving below $0 a barrel for the first time. Investors and analysts are now trying to work out what the rest of the decade holds in store.Some think the bust will set in motion a boom, predicting that investment in oil-and-gas production will dry up and propel crude prices back above $100 a barrel.