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WTI Crude Oil Future Price Turned Negative -- Producers May Be Paying Customers to Take Oil

Dawn Wu

Summary: US WTI crude oil has fallen below $0 per barrel.

US West Texas Intermediate (WTI) crude oil future price has collapsed to below $0 per barrel for the first time in history due to pandemic-triggered declining global demand. Producers may be paying customers to take oil from them. WTI crude oil for May has seen its most significant drop of over 100% and settled at minus $37.63 a barrel, according to Bloomberg.
By Dawn Wu

Last Update:

Tags: Oil
Link: WTI Crude Oil Future Price Turned Negative -- Producers May Be Paying Customers to Take Oil [Copy]

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