The 10 Minute Take - What the collapse of crude prices means for the oil market

Apr 21, 2020 | Brian Moore


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The 10-Minute Take podcast provides insights from RBC economists and market experts on events unfolding around the globe.

The 10 Minute Take Podcast

For the first time, the price of West Texas Intermediate on futures markets plunged into negative territory. It’s the market sending oil producers a message: “We’re awash in oil. Please shut in production.” RBC Capital Markets’ Energy Strategist Michael Tran joins us on the podcast to explain what it means for global markets as well as Canadian production.

 

Click here for the full podcast; The 10 Minute Take.