Marketplace has a new podcast for kids, "Million Bazillion!" EPISODE OUT NOW

Crude Oil

Brian Ronaghan Apr 29, 2020

Future prices for a barrel of West Texas Intermediary Oil. Oil prices say a lot about the state of the economy. Not only does the energy sector consist of many of our largest companies, but oil (still) powers much of the day-to-day movement happening in our economy.

Oh, plus it’s still one of the biggest factors in international relations and conflicts around the world. Recently, due to the COVID-19 pandemic, oil prices were negative for the first time ever.

They’ve since turned positive again, but these unprecedented times still raise the question what the heck is going on with oil.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.