Negative $40 oil reflects panic - and US crude market economic reality

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Negative $40 oil reflects panic - and US crude market economic reality Investors sold the May futures contract due to expire on Tuesday in a series of waves. At one point the contract hit negative $40. When the trading stopped, crude oil had ended the day at a negative $37.63 a barrel, a decline of some 305%, or $55.90 a barrel.

from Moneycontrol Commodity News https://ift.tt/2XR3L0h

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