The ETF Report

'Stay-at-home' orders issued by governments worldwide to slow the spread of COVID-19 have gutted global crude demand.

3M, Apple and Amazon will dominate the week's earnings.

The Houston-based contract driller said it sought chapter 11 protection after the downturn in the offshore-drilling industry "worsened precipitously" because of the oil-price war between the OPEC countries and Russia along with the COVID-19 pandemic.

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

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

The Energy Department initiated a plan to lease space as a way to help companies suffering from the oil price plunge and after Congress failed to fund another plan to purchase oil for the facility.

Iran demanded on Wednesday that U.S. oil production levels must be known before an upcoming OPEC meeting with Russia.

Stocks rallied Monday as COVID-19 showed signs of leveling off in New York City.

Energy Secretary Dan Brouillette said he's looking into reserving up to 1 billion barrels of oil at the direction of President Trump.

As the COVID-19 pandemic continues, President Trump says tariffs on oil imports may happen for American energy worker protection.

Whiting Petroleum Corp said on Wednesday it filed for Chapter 11 bankruptcy, the first major casualty of a free fall in crude prices to $20 per barrel last month.

The Dow's upward momentum continued adding onto its best week since 1938.