Oil Futures Go Negative in Historic Rout
submitted 4 years ago by edwwsw from (barrons.com)
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[–]edwwsw[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 4 years ago (0 children)
May oil future contracts went negative today. That is they're paying people to take the oil. The problem is there is no storage for the oil that is to be delivered in May.
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[–]edwwsw[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)