The price of oil has fallen. To sell it, you need to pay the buyer. According to analysts, this story will go down in textbooks.
This night, the price of Texas WTI crude oil fell lower than in dollars per barrel for the first time in history, as traders on the ICE exchange in London have reported.
The price of WTI crude oil for May delivery on the New York Mercantile Exchange has turned negative for the first time in history. At 21:32 Moscow time it cost almost -$40 per barrel. This is what real delivery futures mean when, after expiration, you must accept the goods.
Apparently, at the moment there is nowhere to store oil at all. June futures are trading at $20; July futures are trading at $26.
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#fibogroup #forex #forexnews #economy #finance #trader #oil #WTI #history
This night, the price of Texas WTI crude oil fell lower than in dollars per barrel for the first time in history, as traders on the ICE exchange in London have reported.
The price of WTI crude oil for May delivery on the New York Mercantile Exchange has turned negative for the first time in history. At 21:32 Moscow time it cost almost -$40 per barrel. This is what real delivery futures mean when, after expiration, you must accept the goods.
Apparently, at the moment there is nowhere to store oil at all. June futures are trading at $20; July futures are trading at $26.
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#fibogroup #forex #forexnews #economy #finance #trader #oil #WTI #history