Get paid to buy oil - Printable Version

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Get paid to buy oil - BostonCard - 04-20-2020

Oil futures in North America are negative.  Because storage facilities have run out, and there are unrecoverable costs to capping a well, we have a weird situation where you can "buy" oil and be paid for the privilege.

https://www.barrons.com/articles/oil-futures-fall-below-1-for-first-time-ever-51587406408

BC

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Should add; the reason they are negative is that demand has cratered due to COVID-19 (just to keep it relevant to this forum).

BC

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