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U.S. oil crashes below $0 for first time ever

2020-04-20 31 Dailymotion

선물만기일' 국제유가 사상 첫 마이너스…5월물 WTI '-37달러'<br /><br />We start with an extraordinary day on the world's oil markets.<br />The fossil fuel on Monday became technically worthless or less than worthless, with American oil companies paying investors to take it off their hands.<br />The unprecedented collapse caused oil prices to plunge below zero U.S. dollars,... to negative 37 dollars 63 cents a barrel.<br />That's the lowest on record.<br />The June futures contract for WTI is trading at around 22 dollars a barrel after falling 18 percent.<br />Brent crude fell 8 percent to less than 26 dollars.<br />Oil prices are in freefall as the COVID-19 pandemic has hammered demand and producers are running out of room to store their excess supply.<br />

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