US oil prices turn negative as demand dries up.

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bindeweede
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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
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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.
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