US crude price slumps below zero dollars for first time

Name: US crude price slumps below zero dollars for first time
Uploaded: 2020-04-21T08:42:20+00:00
Duration: 1 min 48 s
Description: Oil futures plunged below zero on Monday, the latest never-before-seen number to come out of the economic coma caused by the coronavirus pandemic. The price for West Texas Intermediate for May 2020 delivery stood at negative $37.63 dollars per barrel at New York close. It was at roughly $60 at the start of the year.

Issued on: 21/04/2020 - 10:42

Oil futures plunged below zero on Monday, the latest never-before-seen number to come out of the economic coma caused by the coronavirus pandemic. The price for West Texas Intermediate for May 2020 delivery stood at negative $37.63 dollars per barrel at New York close. It was at roughly $60 at the start of the year.