Why oil prices aren’t expected to see a quick recovery from a more than 20% loss in 2020
December 18, 2020 at 11:03 AM EST
The year 2020 has been unlike any other, with Covid-19 economic restrictions hitting oil demand hard and OPEC+ disagreements contributing to a plunge to negative prices. But the rollout of vaccines in the U.S. and Europe offers hope for a fresh start in the new year.