US oil prices turn negative as demand dries up.

Post Reply
User avatar
bindeweede
Site Admin
Posts: 4009
Joined: Sun Oct 25, 2015 3:45 pm
Location: Hertfordshire, UK

US oil prices turn negative as demand dries up.

Post by bindeweede »

Strange days.
The price of US oil has turned negative for the first time in history.
.....
The price of a barrel of West Texas Intermediate (WTI), the benchmark for US oil, fell as low as minus $37.63 a barrel.
https://www.bbc.co.uk/news/business-52350082
Tony.Williams
Posts: 1317
Joined: Mon Jul 25, 2016 8:05 am
Location: Still somewhere in England
Contact:

Re: US oil prices turn negative as demand dries up.

Post by Tony.Williams »

We will no doubt soon be encouraged to buy huge gas-guzzling SUVs and go for long drives every day to help the oil industry.
Post Reply