The oil market is in freefall. The sector collapsed into pandemonium this week when the West Texas Intermediate (WTI) oil price benchmark fell below zero for this first time in history, making U.S. oil not only worthless but a liability, closing at -$37.63 a barrel on Monday. While WTI has since recovered considerably, but its future is uncertain. If this week has taught us anything it’s that all bets are off. Now the question on the mind of many is, if it was possible for U.S. oil to go so deeply negative, is the same historic nosedive in store for Brent Crude, the international oil price benchmark? The answers vary. One leading oil economist told Energy Voice that it would “require something cataclysmic” for the Brent benchmark to follow U.S. crude into negative pricing. But when Bloomberg posed the question “Can Brent crude oil follow WTI into negative territory?” […]