Commodities

Continental Resources has reportedly stopped most production in the Bakken shale field.

The oil market has come under siege this year as ballooning supplies exacerbated by the price war between Russia and Saudi Arabia hit the market at the same time that government responses to COVID-19 has destroyed demand.

Even with a Trump-brokered deal, oil prices have slumped to historic lows.

Gold will climb 74 percent over the next 18 months, Bank of America predicts.

West Texas Intermediate crude oil, the U.S. benchmark, gained 32 percent to $15.29 a barrel after having fallen to an overnight low of $10.26.

CME Group switched its options pricing and valuation model to accommodate negative oil prices.

While some U.S. states have announced plans to begin reopening, others have extended “stay-at-home” orders until at least the middle of May, keeping demand at significantly depressed levels -- and prices low.

Oil's collapse is now on the Treasury Dept.'s radar.

Monday's plunge in May-delivery prices was prompted partly by a selloff among traders speculating on oil prices who needed to dump their holdings before the contract's expiration required them to take delivery of the crude. 

Energy Secretary Dan Brouillette plans to work with Congress to expand the Strategic Petroleum Reserve.

Negative oil will be short-term said Trump.

West Texas Intermediate crude oil was on track to close at its lowest level on record as storage nears capacity.

Oil falling to levels not seen since 1999

Earnings from IBM and Netflix will be in focus this week.

The sharp economic contraction is a preview of things to come for the rest of the developed world, including the United States, as the COVID-19 pandemic originated in China, impacting its economy first.

OPEC says crude oil demand will fall by 6.9 million barrels per day due to the COVID-19 pandemic.

“What gold is telling you is that down the road, past June, they're looking for inflation,” says George Gero, managing director at RBC Global Wealth Management.

Weekly crude oil inventories rose by 19.2 million barrels, the most on record.

The historic oil production deal will remove 20 million barrels a day, more than double the 9.7 million that is being reported.

OPEC's historic production cut has failed to impress