Oil Price War: Crude Oil Goes Negative

Breaking the Dollar

English - May 11, 2020 19:00 - 14 minutes - 9.79 MB - ★★★★★ - 12 ratings
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Why on earth did the WTI crude oil contract price go deeply negative for one day in April? What does a negative oil price even mean? In this podcast episode, Everett explains what unusual dynamics in financial markets caused futures prices to trade in negative territory. He also provides some context about the tug-of-war between Russia, Saudi Arabia, and the United States over the oil market in general.