Root Admin MrD Posted April 20, 2020 Root Admin Share Posted April 20, 2020 Benchmark US oil prices headed to negative territory after crashing to one cent a barrel as the collapse in demand caused by the coronavirus pandemic leaves the world awash with oil and not enough storage capacity — meaning producers may soon be paying for buyers to take it off their hands. West Texas Intermediate, the US marker, lost 99 per cent on Monday, with the price of oil for delivery next month sinking to record lows on warnings that traders were struggling to access storage capacity at the refinery hub of Cushing, Oklahoma, which is expected to be full within weeks. https://www.ft.com/content/a5292644-958d-4065-92e8-ace55d766654 https://www.dailyfx.com/crude-oil Link to comment Share on other sites More sharing options...
mlawson71 Posted April 30, 2020 Share Posted April 30, 2020 I had never imagined we would see such a thing happening, but here it is. 1 Link to comment Share on other sites More sharing options...
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