UPDATE 7-Traders hightail it out of U.S. oil contract as it goes negative
Energy 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.
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.
Posted by Reuters
