Subzero Oil Is Not Snake Oil: A First Decision On Losses From Crude Falling Into Negative Prices – JD Supra

Subzero Oil Is Not Snake Oil: A First Decision On Losses From Crude Falling Into Negative Prices – JD Supra

[co-author: David Erroll] Following the Great Financial Crisis, global financial markets had their first experience of negative interest rates, which mainstream economists had long considered impractical, if not impossible. On April 20, concerns about the effects of the COVID-19 crisis presented investors with another negative first: crude oil prices. On July 9, investors filed a […]
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