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Instant View: Spot U.S. oil futures crash below zero with nowhere to store crude

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Apr 20 '20 | By oiam2companyadmin | Views: 48 | Comments: 0

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Energy traders fled from the expiring May U.S. oil futures contract in a frenzy on Monday, sending the contract deep into negative territory for the first time in history, as barely any buyers are willing to take delivery of oil barrels because there is no place to put the crude.
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Source: https://www.reuters.com/article/us-usa-markets-instantview/instant-view-spot-u-s-oil-futures-crash-below-zero-with-nowhere-to-store-crude-idUSKBN2222P3?feedType=RSS&feedName=businessNews

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