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US stock futures higher as price of oil remains under pressure

April 22, 2020

Via: USA TODAY

The price of oil remained under pressure on Wednesday after crashing over the past week, while stocks were stable as investors sought clues about the coronavirus pandemic’s mounting economic impact.

After falling by almost 50% in the past five days, the price of U.S. oil was down another 5 cents at $11.52 a barrel, highlighting concerns about a glut of supply, a lack of storage space in the U.S. and crashing demand for energy around the globe.

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