Good afternoon: Today's PM — edited by Justin Green — is 595 words, a 2.2-minute read.
Situational awareness: ESPN's "The Last Dance" documentary on the Chicago Bulls’ 1998 NBA championship run averaged a record-breaking 6.1 million viewers last night.
Today was such a bad day for oil that producers had to pay to sell their own crude.
The state of play: Futures prices for West Texas Intermediate are deep in negative terrain after settling at -$37.63 on NYMEX, Axios' Ben Geman reports.
The big picture: The coronavirus-fueled lockdowns around the world are choking off oil demand and throwing the oil industry — which was already oversupplied before the pandemic — into historic chaos, Axios' Amy Harder writes.
The other side: Progressive lawmakers and environmentalists are seizing on a beleaguered industry as a sign its days are past and renewables are the future.
Between the lines: It may seem crazy, but this might not make much difference in your gas prices.
What's next: Consultancy Rystad Energy is predicting dozens of U.S.-based oil companies will declare bankruptcy over the next several months to a year.
Commuters wear protective masks as they exit a train at a subway station during rush hour in Beijing, China.
Photo: Andrew Vaughan/The Canadian Press
In times of crisis, Americans are quick to look for how they can help, according to a WashPost analysis of Google Trends data.
Google searches for “how can I help” spiked around the same time as the wildfires in Australia earlier this year, the immigrant family separation crisis in 2018, Hurricane Harvey in 2017, the Fukushima nuclear disaster in 2011, the Haiti earthquake in 2010 and Hurricane Katrina in 2005.