How are negative oil prices possible?


Quick Summary
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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How are negative oil prices possible? #pdf
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