The Next Couple Of Months Are Crucial For U.S. Oil

The U.S. oil industry faces a bumpy road to recovery from the steepest slump in oil demand in history.  Oil demand in the United States and elsewhere is still trailing below last year’s levels, while a growing number of indebted shale producers struggle to refinance debts at these low oil prices and file for bankruptcy protection to restructure debt loads.     Oil prices may remain lower for longer with global oil demand unlikely to return to pre-crisis levels by the end of 2021, piling further pressure on the U.S.…