Oil Prices Plummet to
Minus $37 a Barrel.
U.S. crude prices reached their lowest
level on record, with West Texas Intermediate
crude dropping to minus $37.63 a barrel.
Oil’s May contract, known as its front month,
has been hit the hardest with deliveries set to
take place while the country is on lockdown.
As demand for gasoline
from refineries decreases,
storage tanks are also
beginning to near their limits.
We are seeing real pressure on storage as a consequence of the collapse in demand, ANZ strategist Daniel Hynes, via ‘Squawk Box’.
OPEC and its oil-producing partners finalized
a historic agreement earlier this month to cut
production by 9.7 million barrels per day on May 1
Yet another furniture retailer is closing its doors after filing for Chapter 11 bankruptcy on Sunday, affecting two locations in the valley.
An accounting error by the operators of the Dotty’s casino franchise resulted in a large tax overpayment, and a second request for a refund is expected in within weeks.
A Las Vegas thrift store is celebrating its relocation, by making everything 99 cents ahead of its closing.
The West Coast rap legends are taking part in a long-form podcast during ComplexCon this month.
Tickets to next year’s spring training games between the Athletics and Arizona Diamondbacks at Las Vegas Ballpark will go on sale this week.
While Southwest Airlines has been flying since 1971, the Dallas carrier only recently introduced redeye flights.
Charles Sehe served at Pearl Harbor, D-Day, Iwo Jima and Okinawa, and his death leaves just one veteran left from the ship.
Despite Houthi claims that they would target ships linked to Israel, a panel said investigations revealed the terrorists have been targeting vessels indiscriminately.
Iran is planning a counterattack on Israel involving more powerful warheads and other weapons, the Wall Street Journal reported, citing Iranian and Arab officials.
The Cosmopolitan has announced its plans to once again transform its rooftop pool into a winter wonderland above the Las Vegas Strip.