The coronavirus transformed global oil markets in the first half of 2020, sending prices on a wild ride and spurring historic changes to energy supply chains and products used to invest in crude. Oil started the year trading above $60 a barrel. The pandemic and ensuing global economic shutdown slammed U.S. crude; it fell below $0 for the first time ever in late April. Within weeks, though, prices had recovered. They ended the quarter Tuesday around $40.

Source: Wall Street Journal June 30, 2020 11:03 UTC