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Oil Prices Crash Below Zero for First Time in History Amid Pandemic

By Stephanie Kelly NEW YORK, April 20 (Reuters) – U.S. crude oil futures collapsed below $0 on Monday for the first time in history, amid a coronavirus-induced supply glut, ending the day at a stunning minus $37.63 a barrel as desperate traders paid to get rid of oil. Brent crude, the international benchmark, also slumped, but that contract […]

WP_Post Object ( [ID] => 224242 [post_author] => 4 [post_date] => 2020-04-21 00:08:39 [post_date_gmt] => 2020-04-21 00:08:39 [post_content] => By Stephanie Kelly NEW YORK, April 20 (Reuters) – U.S. crude oil futures collapsed below $0 on Monday for the first time in history, amid a coronavirus-induced supply glut, ending the day at a stunning minus $37.63 a barrel as desperate traders paid to get rid of oil. Brent crude, the international benchmark, also slumped, but that contract […] [post_title] => Oil Prices Crash Below Zero for First Time in History Amid Pandemic [post_excerpt] => By Stephanie Kelly NEW YORK, April 20 (Reuters) – U.S. crude oil futures collapsed below $0 on Monday for the first time in history, amid a coronavirus-induced supply glut, ending the day at a stunning minus $37.63 a barrel as desperate traders p... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => oil-prices-crash-below-zero-for-first-time-in-history-amid-pandemic [to_ping] => [pinged] => [post_modified] => 2020-04-21 00:08:39 [post_modified_gmt] => 2020-04-21 00:08:39 [post_content_filtered] => [post_parent] => 0 [guid] => http://gcaptain.com/?p=139645 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )