The Federal Reserve Economic Data (FRED) database is available at https://fred.stlouisfed.org. Go to FRED and search for data on crude oil prices. You will find several series; click on one of them, such as Crude Oil Prices: West Texas Intermediate (WTI)Cushing, Oklahoma. Adjust the dates to focus in on the time period from January 1, 2019, through April 15, 2020. The short recession induced by COVID-19 is shown by the shaded area. Download the graph and copy-paste it to your solution key. What happened to crude oil prices during the recession, especially as the recession continued? Do you think the change in price was driven more by a shift to demand or to supply? Draw a picture that captures the market for crude oil prices and illustrate what happened to the market at the onset of the COVID-19 pandemic.