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Oil skids for fifth day on COVID surge, worries about more supply

Crude prices fell for a fifth day on Wednesday, as investors remain worried about the outlook for fuel demand as COVID-19 cases surge worldwide just as more supply reaches the market from large global producers, including the United States.

Joe Biden Sets Ambitious Target for U S Electric Vehicle Sales

In an effort to get tough on greenhouse gas emissions, President Joe Biden signed an executive order with the goal of making half of the country’s new vehicle sales electric by 2030. To help boost the adoption of electric vehicles from three percent to 50%, the government has set aside billions of dollars.

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