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Traders hightail it out of U.S. oil contract as prices reach negative $40

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Home Blogs > Business
Apr 20 '20 | By oiam2companyadmin | Views: 52 | Comments: 0

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Traders fled from the expiring May U.S. oil futures contract in a frenzy on Monday, sending the contract 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-global-oil-contracts/traders-hightail-it-out-of-u-s-oil-contract-as-prices-reach-negative-40-idUSKBN2221TS?feedType=RSS&feedName=businessNews

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