A futures contract for U.S. crude prices dropped more than 100% and turned negative for the first time in history on Monday, showing just how much demand had collapsed because of the coronavirus pandemic.

But traders cautioned this collapse into negative territory was not reflecting the true reality of the beaten-up market. The price of the nearest oil futures contract, which expires Tuesday,…

Sponsored

View On WordPress

Leave a Reply

Your email address will not be published. Required fields are marked *