Negative Oil Prices Explained.
Published – April 23, 2020 2:20 pm
It goes without saying that oil should be a relatively valuable commodity, given how useful it is, how limited its supply is and how expensive its alternatives are.
BUT just earlier this week we have started seeing articles noting that oil prices have now gone into the negatives. People are literally paying to give other people one of the most influential and useful commodities in the world.
So what is going on here, how does this make sense?