Not only has it crashed, it bored into the ground like a drilling rig.
Remember $100 a barrel and $5+ a gallon gas?
There is so much oil on the market right now they literally don’t have any place to put it.
All the storage facilities are full to capacity and they are storing it on tankers sitting out in the ocean.
This will be good for Joe Six Pack when the price at the pump starts reflecting this but it will wipe out Fracking completely.
This is the objective in the first place.
Marginal operations will go tits up and be swept away like chaff in the wind.
Then OPEC and the rest of the big oil producers can go back to rigging the price of oil as they see fit.