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The Oil Patch Took a Heavy Hit From the Pandemic

by Bioreports
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Oil prices briefly went negative. Exxon Mobil Corp. was booted from the Dow Jones Industrial Average. Pioneering fracker Chesapeake Energy Corp. succumbed to bankruptcy.

By some measures, the pandemic hit the energy industry harder than any other major segment of the U.S. economy in 2020. While crude prices have staged a rally in recent weeks, the sector is still going through one of the most brutal years in its history.

Producers…

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