UPDATE 8-Traders hightail it out of U.S. oil contract as prices reach negative $40
Traders fled from the expiring May U.S.
oil futures contract in a frenzy on Monday, sending the contract
into negative territory for the first time in history, as barely
any buyers are willing to take delivery of oil barrels because
there is no place to put the crude.
oil futures contract in a frenzy on Monday, sending the contract
into negative territory for the first time in history, as barely
any buyers are willing to take delivery of oil barrels because
there is no place to put the crude.
Posted by Reuters
