U.S. oil's May contract plunged 292.67% as of this writing, Monday, 20th of April 2020, meaning that you have to pay to get someone to take barrels of oil off your hands.

West Texas Intermediate oil trading on the New York Mercantile Exchange plunged 292.67% to trade at -$53.47 a barrel.

The May contract expires on Tuesday. That one-day drop would mark the first time the contract has traded negative in history and would be the largest on record going back to 1983, while a finish near its current level would be far below the previous all-time low for a front-month contract at $10.42 a barrel set on March 31, 1986, according to Dow Jones Market Data.

WTI 200421.PNG

DISCLAIMER: I'm not a Certified Financial Planner. Published herein is my personal opinion and should not be construed as a recommendation, an offer, or solicitation for the subscription, purchase or sale of any securities.

Related Topics:
_{URC FY2019 Financial Results}_{EEI FY2019 Financial Results}_{GI FY2019 Financial Results}_{MPI FY2019 Financial Results}_{DMC FY2019 Financial Results}_{Will MPI Benefit The Government Stimulus Package?}_{Metro Pacific Investments Corp. (MPI) share price bottom?}_{What’s next for MPI?}_{Metro Pacific Investments Corp. (MPI)}_{DMCI Holdings, Inc. (DMC) FY2019 Financial Results}_{Bakit bumagsak ng bumagsak ang presyo ni DMC?}_{DMCI Holdings, Inc. (DMC)}_{Is Now The Time To Buy Belle Corporation (BEL)?}

Please upvote and follow me on ----> https://steemit.com/@php-ph.
Please follow me on Facebook ------> Valencia, Bohol
Please follow me on Twitter ---------> Valencia, Bohol