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US oil prices go negative

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Australian Financial Review

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Summary | 6 Annotations
unsophisticated financial speculators have piled into the oil market, buying up ETFs without realising their obligations to take delivery of physical supply.
2020/04/20 22:07
futures trading
2020/04/20 22:08
traders or speculators who had bought the contract are finding themselves unable to resell it
2020/04/20 22:09
There is no price they can pay to store it
2020/04/20 22:09
rebound will be much slower than the downturn.
2020/04/20 22:10
massive pain for America's higher-cost shale oil producers,
2020/04/20 22:10