UPDATE 6-Traders play ‘hot potato’ with U.S. oil contract as it crashes to $1 a barrel
Energy traders bailed out of the
expiring May U.S. oil futures contract in a frenzy on Monday,
sending the contract to a record of almost $1 a barrel, as few
buyers are willing to take delivery of actual physical barrels
of oil because there is no place to put the crude.
expiring May U.S. oil futures contract in a frenzy on Monday,
sending the contract to a record of almost $1 a barrel, as few
buyers are willing to take delivery of actual physical barrels
of oil because there is no place to put the crude.
Posted by Reuters
