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The two-year Covid crisis has been a roller coaster for just about every market, but few have had a crazier time than crude oil.
+At the start of the pandemic, crude oil cratered—at one point even sliding into negative territory. Today, it’s nearing $100.
+The price swings have shocked motorists, investors, CEOs and OPEC+ ministers alike. An entire industry has gone from being written off as a wounded dinosaur to become a key player in the recovery.
+This is the story of crude’s collapse, and what its comeback means for the global economy.
+Read The Big Take.
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+From today's story
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+ “Eighteen months ago, we were in a global apocalypse for the energy sector, and now you’re talking about out-sized returns."
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+ on the wild prices swings in the oil market.
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+CEO, Diamondback Energy +
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++ ICYMI +
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- Here’s how much oil is contributing to inflation. +
- Wall Street named oil as a key sector to watch in 2022. Here’s what else made the list. +
- The U.K. is facing a cost of living crisis—no thanks to energy prices. +
Read more from The Big Take.
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