Keyword Analysis & Research: oil futures below zero


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Frequently Asked Questions

What happens when the price of crude oil falls below zero?

At any price below zero, buyers are paid to take delivery as there are costs associated with transportation and storage. WTI closed at its lowest level since recordkeeping began in March 1983, according to Dow Jones Market Data.

What happened to the oil price in April 2020?

On Monday, April 20, 2020, the price of oil traded deep into the red falling below zero for the first time ever shocking even the most seasoned energy traders and oil executives. What happened?

Why are oil prices falling in North America?

Prices for physical grades in many North American regions have fallen into the low single digits reflecting a dearth of buyers able to take delivery of oil, even as prices for later contracts have held up marginally better due to some investors betting on an eventual rebound.

Why did WTI price drop below zero?

The exchange where WTI futures trade said the contract would be allowed to price below zero. The extreme move showed just how oversupplied the U.S. oil market has become with industrial and economic activity grinding to a halt as governments around the globe extend shutdowns due to the swift spread of the coronavirus.


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