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Traders play 'hot potato' with U.S. oil contract as it crashes to $1 a barrel

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Home Blogs > Business
Apr 20 '20 | By oiam2companyadmin | Views: 42 | Comments: 0

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Energy traders bailed out of the expiring May U.S. oil futures contract in a frenzy on Monday, sending the contract to a record of almost $1 a barrel, as few buyers are willing to take delivery of actual physical barrels of oil because there is no place to put the crude.
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Source: https://www.reuters.com/article/us-global-oil-contracts/traders-play-hot-potato-with-u-s-oil-contract-as-it-crashes-to-1-a-barrel-idUSKBN2221TS?feedType=RSS&feedName=businessNews

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