It was not too long ago when market analysts feared crude oil prices could drop below $20 for the first time since 1999 as global supply glut rose to a record high between 2015 and 2016. Today, what sounds like an overly bearish forecast was a near reality for oil producers around the world after
```
Members Only

Login or create an account to continue

This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.

New to BusinessDay? Register now and start reading.

```

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp