Crude oil demand falls. But memes hit a high!

Edited By: Sonal Gera WION Web Team
New Delhi, Delhi, India Published: Apr 21, 2020, 12:18 PM(IST)

Memes hit a high Photograph:( Twitter )

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This comes in the wake of the coronavirus pandemic-induced lockdown restricting movement across the world, and causing the demand for oil dry up.

US oil prices fell to an all-time low on Monday -- more than 300 per cent to the lowest price on record. 

This comes in the wake of the coronavirus pandemic-induced lockdown restricting movement across the world, and causing the demand for oil dry up.

This also comes in the wake of the superpower that social media is -- where every development of national or international importance is celebrated with a little humour.

So, memes hit a high on Twitter even as the demand for crude fell.

Hmmm! A sad reality!

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A happy reality?

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Honey, here's the money!

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Money Heist 2.0?

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We. Cannot. Even.

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Like whaaattttt?

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Wooohooo!

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Whatte fun!

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Meanwhile, all is not fun in the world. The price of oil has now reached a point that it is increasingly becoming difficult for higher cost producers to remain in operation and rather look at declaring bankruptcy. 

A lot of US shale producers are in deep trouble and analysts expect that low oil price for few more months will result in a spate of bankruptcies in US.

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