Oil crashes 305% to -$36.73 a barrel West Te
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Posted On: 04/20/2020 7:44:47 PM
Oil crashes 305% to -$36.73 a barrel
West Texas Intermediate crude oil futures for May delivery cratered by 305 percent to -$36.73 a barrel. At a price below zero, buyers would be paid to take delivery as there are costs associated with transportation and storage. The selling had WTI on track to close at its lowest level since recordkeeping began in March 1983, according to Dow Jones Market Data.
https://www.foxbusiness.com/markets/oil-price...record-low
West Texas Intermediate crude oil futures for May delivery cratered by 305 percent to -$36.73 a barrel. At a price below zero, buyers would be paid to take delivery as there are costs associated with transportation and storage. The selling had WTI on track to close at its lowest level since recordkeeping began in March 1983, according to Dow Jones Market Data.
https://www.foxbusiness.com/markets/oil-price...record-low
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