Explainer: What is a negative crude future and does it mean anything for consumers?

April 21, 2020 admin Trading Ideas Comments Off on Explainer: What is a negative crude future and does it mean anything for consumers?

The contract for West Texas intermediate crude, or WTI, is the benchmark for U.S. crude oil prices. WHAT DOES A NEGATIVE FUTURES PRICE MEAN? Because of oversupply, storage tanks for WTI are becoming so full it is difficult to find space. …read more

Source:: Yahoo Finance

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