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U.S. Oil Firms Wrote Down $48 Billion In Assets After Price Crash — Tsvetana Paraskova

Summary:
Forty publicly traded U.S. oil producers wrote down a collective US billion worth of the value of their assets in the first quarter of 2020, just after oil prices collapsed, the Energy Information Administration (EIA) said on Monday…. OilpriceU.S. Oil Firms Wrote Down Billion In Assets After Price Crash Tsvetana Paraskova

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 Forty publicly traded U.S. oil producers wrote down a collective US$48 billion worth of the value of their assets in the first quarter of 2020, just after oil prices collapsed, the Energy Information Administration (EIA) said on Monday….
Oilprice
U.S. Oil Firms Wrote Down $48 Billion In Assets After Price Crash
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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