Steve June 27, 2022
why-oil-prices-went-negative

Oil prices went negative on April 20th, 2020. This essentially translated to oil producers paying buyers to take oil. This was the result of a lack of demand for oil causing a lack of storage / a fear of a lack of storage.[7][8][9] It costs money to store oil no one wants, and thus the negative price represented an incentive for buyers to buy and store oil. Further, this excess, Read More