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The price of US oil has turned negative for the first time in history
Home > Community > MarketNews

The price of US oil has turned negative for the first time in history

Apr 21,2020
Regain Capital

The price of US oil
has turned negative:

 

– Record deal to cut oil output ends price war 

– Coronavirus: Who is
still flying? – Seafarers in limbo as coronavirus hits shipping

– “This is off-the-charts wacky,” said Stewart Glickman, an
energy equity analyst at CFRA Research. “The demand shock was so massive that
it’s overwhelmed anything that people could have expected.”

 

 

Credit: BBC News / www.bbc.com/news/business-52350082

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