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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.

@dheerthan04:40 PM 21-Apr-2020
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.

@dheerthan09:30 AM 16-Sep-2019
The Norwegian Model Has a Hidden Secret - The Market Mogul

The Norwegian Model Has a Hidden Secret - The Market Mogul

Norwegian model commonly refers to the economic and social policies pursued by the Norwegian government. It is widely believed that this model is an economic miracle that combines free market capitalism with a rich welfare state, high living standards magically turning countries into heaven on earth.

@dheerthan12:12 PM 02-Oct-2017
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