Crude Oil

U.S. oil plunges below $0 a barrel: What does a negative futures price mean?

U.S. oil plunges below $0 a barrel: What does a negative futures price mean?

The price of a barrel of benchmark U.S. oil plunged below $0 a barrel for the first time in history, a troubling sign of an unprecedented global energy glut as the coronavirus pandemic halts travel and curbs economic activity. So when it's minus a dollar, they'll pay you a dollar to get it out of there.
Oil prices soar 10% after Drone Attack on Saudi Oil Facilities hits Global Supply

Oil prices soar 10% after Drone Attack on Saudi Oil Facilities hits Global Supply

In the wake of the drone attack on Saudi Arabia’s key oil facilities, S&P Global Platts said concerns about supply security in the Middle East have increased and the risk premium in the global crude market is expected to rise.
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