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Low liquidity and limited available storage pushed WTI crude oil futures prices below zero

Wednesday, April 29, 2020   (0 Comments)
Posted by: Annie Nguyen
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Low liquidity and limited available storage pushed WTI crude oil futures prices below zero

 

 APRIL 27, 2020

WTI crude oil May 2020 futures contract

Source: U.S. Energy Information Administration, based on CME Group and Bloomberg, L.P.

 

On Monday, April 20, 2020, West Texas Intermediate (WTI) crude oil front-month futures traded on the New York Mercantile Exchange (NYMEX) were priced in negative dollars per barrel (b) for the first time since...

https://www.eia.gov/todayinenergy/detail.php?id=43495


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