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The American benchmark price for oil is now well below $60 a barrel, having dropped $20 in the last six weeks.

The American benchmark price for oil is now well below $60 a barrel, having dropped $20 in the last six weeks. While that’s good news for prices at the pump, it’s causing misery for producers. The price of The price of Western Canadian Select closed just under $14 a barrel Thursday.

https://www.ctvnews.ca/business/canadian-crude-oil-industry-in-crisis-as-prices-plunge-to-record-low-1.4179631

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