UPDATE 5-Traders play ‘hot potato’ with U.S. oil contract as it crashes to $5 a barrel
Energy traders bailed out of the
expiring May U.S. oil futures contract in a frenzy on Monday, as
the contract dropped by more than 70% to less than $5 a barrel
and opening the widest gap ever between it and the next contract
with storage rapidly filling.
expiring May U.S. oil futures contract in a frenzy on Monday, as
the contract dropped by more than 70% to less than $5 a barrel
and opening the widest gap ever between it and the next contract
with storage rapidly filling.
Posted by Reuters
