Wall Street had been betting that higher oil prices will cause inflation. Now oil prices are dropping, and the leading theory is that cheaper goods could overheat the economy.
Demand is picking up as more and more people resume their normal lives after vaccination.
ExxonMobil saw it's lowest quarterly profits since 1999 while Chevron had a quarterly net loss of $725 million.
How low oil prices are impacting politics in Venezuela
Bloomberg's Tracy Alloway on her harrowing quest to buy a barrel of crude oil.
Smaller companies are getting by plugging wells for customers.
Melting ice leads to more drilling, which leads to more warming and melting ….
The cost is at a 4-month low. What's going on?
And what the lifting of sanctions could mean for the global oil market.
Huge amounts of wastewater must be disposed of, much of it in deep wells.
