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Oil prices have stalled, which could be a good thing for some producers

Oil prices have stalled, which could be a good thing for some producers

In April, the pandemic sent the oil market into one of its most precipitous crashes in history, with the oil price going briefly negative for the first time ever. The price of Brent crude, the international benchmark, has been stuck around $40 per barrel for about a month now. For the first time since the pandemic started, oil production and demand appear to be in tune, said David Livingston, a senior oil analyst at the Eurasia Group.