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Stock impact report

The US oil boom is over [CNNMoney.com]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Company Research Source: CNNMoney.com
The American oil boom is over Nawaf Obaid, a former Saudi Arabian government advisor from 2002 to 2015, is the author of "The Failure of the Muslim Brotherhood in the Arab World" and was a Harvard fellow from 2012 to 2018. The opinions expressed in this commentary are his own. The day of reckoning has come for American shale oil producers. The industry has been hit by a perfect storm of historically depressed energy demand due to coronavirus containment efforts, the unwillingness of main oil producing countries to agree to the production cuts necessary to lift prices and Saudi Arabia and Russia's willingness to take extraordinary measures and flood the market with oil to keep prices suppressed. After the OPEC meeting in early March, where the Russians didn't agree with the Saudi plan to decrease production, the Saudis initiated a price war with Russia and its allies. Since then, oil has been plunging. On April 20th, prices for West Texas Intermediate (WTI), the Americ Show less Read more
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