Coronavirus live news: US oil market collapses into negative prices
Italy’s confirmed cases fall for first time; WHO says nothing was hidden from US; Spain proposes €1.5tn EU Covid-19 fund; US blocks pro-WHO statement by G20
- US oil prices dip below zero for first time on record
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Related: Coronavirus live news: Trump downplays oil crash as ‘short term’
The US president ended today’s briefing citing a range of different numbers for the potential deaths the US could have experienced, saying if the country hadn’t done lockdowns, there could have been 700,000 deaths, a million deaths, or maybe “millions”.
As of today, there have been more than 41,000 deaths recorded in the US. Experts fear that the country could experience surges and second waves if states reopen too soon and if there is not enough testing and contact tracing in place.
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