April 20, 2020- April 20, 2021, a year that West Texas Intermediate (WTI) prices plunged into negative territory for the first time in their history. An earthquake that brought WTI to minus 37 dollars

April 20, 2020 was a dark day that saw WTI prices plunge into negative territory. For its part, Brent oil sank to 16 dollars, its lowest level in this century. Investors who found themselves with millions of barrels on their hands were ready to pay potential buyers to get rid of their oil.
This plunge in black gold prices and the plunge in the stock markets will put modern-day black gold seekers who have swarmed in recent years in the land of Uncle Sam. The majority have gone into debt to the point where they will be forced to disappear altogether with such “prices.”
The American financial rating agency indicates that exploration and production companies in the United States and Canada have about 86 billion dollars of debt to repay between 2020 and 2024. But on May 1, 2020, Opep+ withdrew nearly 10 million barrels per day. And today, WTI is above $63 a barrel