Date in year · 2020 · The 2020s
On 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. The year's #1 song was "Blinding Lights" by The Weeknd.
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2020
2020s
Featured · April 20, 2020
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. Oil prices are determined by global supply and demand, rather than any country's domestic production level, although the Organization of the Petroleum Exporting Countries (OPEC) has considerable influence.
Around 2020
2020 (MMXX) was a leap year starting on Wednesday of the Gregorian calendar, the 2020th year of the Common Era (CE) and Anno Domini (AD) designations, the 20th year of the 3rd millennium and the 21st century, and the 1st year of the 2020s decade.
What happened
Spot price of a barrel of benchmark crude oil
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. Oil prices are determined by global supply and demand, rather than any country's domestic production level, although the Organization of the Petroleum Exporting Countries (OPEC) has considerable influence.
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