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Traders play 'hot potato' with U.S. oil contract as it crashes 50%

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Home Blogs > Business
Apr 20 '20 | By oiam2companyadmin | Views: 51 | Comments: 0

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Energy traders bailed out of the expiring May U.S. oil futures contract in a frenzy on Monday, as the contract dropped by more than 50% to less than $8 a barrel and opening the widest gap ever between it and the next contract with storage rapidly filling.
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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-50-idUSKBN2221TS?feedType=RSS&feedName=businessNews

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