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Markets Now

Oil closes at $10 but the market remains ‘broken’

Julia Horowitz
By Julia Horowitz, CNN Business
Updated 6:33 PM EDT, Tue April 21, 2020
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Pump jacks draw crude oil from the Long Beach Oil Field near homes in Signal Hill, California, on March 9, 2020. - Global stocks and oil prices rebounded on March 10, 2020 on hopes of US economic stimulus efforts as the coronavirus rages, one day after suffering their biggest losses in more than a decade. Trading is exceptionally volatile as investors attempt to get a grip on a rapidly changing news flow, with positive reports of progress in China on the virus clashing with a Saudi decision to increase oil output in an already over-supplied market. (Photo by David McNew/AFP/Getty Images)
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US oil prices fall below zero for the first time ever
02:20 - Source: CNN Business
Oil and Energy 16 videos