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Oil Price Drops Below Zero for First Time Ever

HeadlineApr 21, 2020

The price of oil dropped below zero for the first time ever Monday. The historic collapse is due in part to a massive drop in demand because of the coronavirus pandemic. The news came on the 10th anniversary of the Deepwater Horizon disaster, which led to the largest offshore oil spill in history, releasing over 200 million gallons of oil into the ocean, killing 11 people and tens of thousands of wildlife.

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