The year 2020 came bearing serious bad news for most people, historical events are happening like never before! for the first time in history, the price of the crude oil fell below $0 in the USA during trading as May contract for WTI Crude Oil settles at NEGATIVE -$37.63/barrel, down 305% and this would spell a very bad signal for other oil producing states considering the sheer influence and dominance of the United States over the crude oil market and trading. The fall of crude oil is inevitable as the world has tilted towards electric cars and the need for alternative means of power, essentially, companies like Tesla are having a blast because the future simply belong to them!
As countries also continue to place levy on petrol driven cars, the problem compounds for crude oil and many crude oil billionaires are already starting to diversity into other businesses in other to sustain their usual incomes. Gistmania will be bringing you further updates on this situation with time
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