It got as low as -$35/barrel. It could have actually been a sound investment to get paid money to take a raw shipment and use the profits to rent an abandoned warehouse to store it!
It got as low as -$35/barrel. It could have actually been a sound investment to get paid money to take a raw shipment and use the profits to rent an abandoned warehouse to store it!
https://www.reuters.com/article/us-global-oil/u-s-crude-futures-turn-negative-for-first-time-on-scant-storage-weak-demand-idUSKBN2210V9
Storages all filled up, time for a war!