JRscooby wrote:
I'm I the only one to remember when the demand dropped so fast that a lot of speculators owned a bunch of oil, where paying others to take it because they did not want to store it in swimming pools? There was a time, likely too short to show up as a data point, where the price of crude dropped below $0.00
Must have been a fun day for some trading oil.
The price of the main U.S. oil benchmark fell more than $50 a barrel to end the day about $30 below zero, the first time oil prices have ever turned negative.