Crude Oil May Futures Negative!!

I have never seen this before wow!! This is historical! What does this mean? Producers paying buyers to take delivery.

Well the physical price never got to the negative value.

Historical contango!

Worth taking a picture of this close -13.37 and low of –40.32!

Source: https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html

Nasdaq

NYSE

You May Also Like…

A New Journey Begins

A New Journey Begins

The first trading day after, Joe Biden was declared the President-elect of US, markets opened with a broad risk-on in...

Subscribe

Join our mailing list to receive the latest articles and updates from our team.

You have Successfully Subscribed!