https://www.bbc.co.uk/news/business-52350082The 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.
US oil prices turn negative as demand dries up.
- 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.
Strange days.
-
- 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.
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.