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Oil Meltdown Widens With June Plunging Below $10 a Barrel

By Olivia Raimonde (Bloomberg) — Oil’s meltdown spread in to the June contract as the price plummeted $10 in New York. West Texas Intermediate plunged below zero on Monday for the first time in history as May futures neared expiration, leaving traders in a panic as they tried to avoid taking delivery of physical barrels. On […]

WP_Post Object ( [ID] => 224261 [post_author] => 21 [post_date] => 2020-04-21 18:27:57 [post_date_gmt] => 2020-04-21 18:27:57 [post_content] => taankerBy Olivia Raimonde (Bloomberg) — Oil’s meltdown spread in to the June contract as the price plummeted $10 in New York. West Texas Intermediate plunged below zero on Monday for the first time in history as May futures neared expiration, leaving traders in a panic as they tried to avoid taking delivery of physical barrels. On […] [post_title] => Oil Meltdown Widens With June Plunging Below $10 a Barrel [post_excerpt] => By Olivia Raimonde (Bloomberg) — Oil’s meltdown spread in to the June contract as the price plummeted $10 in New York. West Texas Intermediate plunged below zero on Monday for the first time in history as May futures neared expiration, leaving tr... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => oil-meltdown-widens-with-june-plunging-below-10-a-barrel [to_ping] => [pinged] => [post_modified] => 2020-04-21 18:27:57 [post_modified_gmt] => 2020-04-21 18:27:57 [post_content_filtered] => [post_parent] => 0 [guid] => http://gcaptain.com/?p=139654 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )