How are negative oil prices possible?

Last updated: 23 April 2020
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This document explains the phenomenon of negative oil prices, specifically focusing on the WTI crude oil futures market in the USA. It details how a combination of drastically reduced demand due to the pandemic and limited storage capacity led to traders selling contracts at a loss. The explanation covers the mechanics of futures contracts and the impact of storage costs, making it useful for anyone interested in understanding commodity market dynamics.

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Submitted by · Posted 23 April 2020 · Other files by CA Sumat Singhal · Report
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