Across North America, producers begin to ease toward normal, but uncertainty looms
Across North America, producers begin to ease toward normal, but uncertainty looms
As the lockdowns from COVID-19 began easing across the North America, a cautious optimism began to creep across the Oil Patch. West Texas Intermediate crude, the U.S. benchmark that briefly turned negative at the end of April, rebounded to about $40 a barrel. For most companies, the price was still too low to justify investment in new drilling, but oil producers waited anxiously to see if it might kee...