04-20-2020, 12:14 PM
(This post was last modified: 04-20-2020, 12:14 PM by BostonCard.)
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-fut...1587406408
BC
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
https://www.barrons.com/articles/oil-fut...1587406408
BC
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