Crude oil price is bouncing back as traders reflect on the decision by Chesapeake Energy to file for bankruptcy. They are also worried about the rising coronavirus cases that risk having an impact on demand at a time when it is starting to rise. The price of Brent is up by 0.10% to $40.90 while that of WTI is up by 0.05% to $38.50. The biggest news in the crude oil price market is the Chesapeake Energy bankruptcy. The shale pioneer, which was once valued at more than $15 billion decided to go out of business because of the low oil prices and high debt. The recent rally in oil prices did not help the embattled firm, ... (full story)