There's also decreased demand - look at airlines, jet fuel uses 1.7 million barrels per day normally, and COVID-19 is causing fewer people to want to get on pla

There's also decreased demand - look at airlines, jet fuel uses 1.7 million barrels per day normally, and COVID-19 is causing fewer people to want to get on planes. The fraction of the price drop that can be attributed to large producers flexing market power versus the decreased demand is a tricky thing to determine.