- Oil prices turned negative as optimism that had previously supported prices began to fade.
- Earlier oil moved higher on several bullish factors, including U.S. companies cutting production.
- Saudi Arabia raises its official oil selling price and gasoline demand improving as economies around the world reopen.
- The U.S. benchmark, shed 44 cents, or 1.83%, to settle at $23.55 per barrel.
Michael Bloom and Patti Domm share their thoughts for CNBC on the falling oil prices, the cut in the production...