MAY WTI (Oil) settles at -$37.63 , NEGATIVE 37.63/barrel! (see image)


 

 

Carnage. Just carnage.
(From Bloomberg)

In an unprecedented day of trading, the price for the May contracts wiped out all value, breaking every low for oil prices since 1946. The exchange where WTI futures trade said the contract would be allowed to price below zero.

Reprinted from: https://www.ac2news.com/2020/04/may-wti-oil-settles-at-37-63-negative-37-63-barrel-see-image/

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