Will US Shale Survive If Oil Hits $40? – Analysis

By Irina Slav

Within a month, the U.S. oil benchmark West Texas Intermediate recorded two first-of-a-kind events. First, it fell below zero on April 20. Then, it soared up so high it is about to book its best month ever, CNBC’s Pippa Stevens noted in a recent commentary.

Still, many analysts and other observers remain...