Oil prices are negative, but prices at the pump won't follow [Yahoo! Finance News]
Applied Materials, Inc. (AMAT)
Last applied materials, inc. earnings: 2/12 04:01 pm
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Source: Yahoo! Finance News
As thecoronavirusoilcrude oil prices dropped 306 percent on Monday to -$37.63 per gallon, its lowest level since 1983"At this point, it doesn't look like gasoline will be mirroring the unprecedented drop in the WTI crude oil May contract today," Patrick DeHaan, Gasbuddy's senior petroleum analyst, told FOX Business in an email.While DeHaan doesn't expect the drop to have any effect on retail gas prices, it doesn't mean the national average won't fall.DeHaan told "The Claman Countdownnational average for regular gas"We are likely, here in the next 10 days, to fall under previous 2016 lows, and as we continue to go down there’s a good possibility we’ll take out the 2000 low with the national average falling to $1.49 per gallon or more." DeHaan said.STOCKS TANK AS OIL FALLS BELOW ZERO FOR FIRST TIME EVERHe attributes the drop in crude oil to a lack in demand since there is "basically no one to demand these barrels of oil" as many people have stopped commuting to work and have sheltered
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AMAT
Earnings
- 8/15/24 - Beat
AMAT
Sec Filings
- 10/3/24 - Form 4
- 10/3/24 - Form 4
- 8/22/24 - Form 10-Q
- AMAT's page on the SEC website