US companies face bankruptcy over crash
US oil prices have dropped to their lowest level in two decades as concerns over coronavirus eclipsed a deal to cut output.
The coronavirus pandemic has hit the US oil industry particularly hard. Oil prices have not been this low in decades, and are forcing businesses and companies to file for bankruptcy.
The benchmark fell below $15 a barrel before clawing its way back up.
Demand has plummeted as lockdowns and travel restrictions reduce the need for oil.
Al Jazeera’s John Hendren reports from Chicago, US.
Published On 20 Apr 2020