The 10-Minute Take

What the collapse of crude prices means for the oil market


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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.
For more insights about social, economic and technological trends, visit rbc.com/thoughtleadership.
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The 10-Minute TakeBy RBC Thought Leadership

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