Motoring Discussion > US oil prices turn negative Miscellaneous
Thread Author: henry k Replies: 19
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 Tue 21 Apr 20 08:18 
 US oil prices turn negative - Bromptonaut
According to detailed report on 5Live's Wake Up To Money this morning the minus price is an American thing with a particular type of Texas crude. Becuse of geography/history it is not connected to the worldwide distribution system. The negative price relates to contracts for imminent delivery.

Brent crude, the benchmark for the world market, is still positive albeit at a massive discount to where it was pre CV19.
Last edited by: Bromptonaut on Tue 21 Apr 20 at 08:19
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 Messages Author Date
 US oil prices turn negative  henry k 20 Apr 20 20:43
 US oil prices turn negative  Robin O'Reliant 20 Apr 20 20:50
 US oil prices turn negative  Lygonos 20 Apr 20 21:13
 US oil prices turn negative  sooty123 20 Apr 20 21:15
 US oil prices turn negative  legacylad 20 Apr 20 23:27
 US oil prices turn negative  smokie 20 Apr 20 23:57
 US oil prices turn negative  legacylad 21 Apr 20 00:36
 US oil prices turn negative  Bromptonaut 21 Apr 20 08:18
 US oil prices turn negative  smokie 21 Apr 20 09:26
 US oil prices turn negative  legacylad 21 Apr 20 12:29
 US oil prices turn negative  henry k 21 Apr 20 12:59
 US oil prices turn negative  CGNorwich 21 Apr 20 14:45
 US oil prices turn negative  tyrednemotional 21 Apr 20 15:25
 US oil prices turn negative  Zero 21 Apr 20 16:02
 US oil prices turn negative  CGNorwich 21 Apr 20 20:28
 US oil prices turn negative  Zero 21 Apr 20 20:57
 US oil prices turn negative  smokie 22 Apr 20 00:59
 US oil prices turn negative  Duncan 21 Apr 20 22:19
 US oil prices turn negative  Rudedog 22 Apr 20 08:47
 US oil prices turn negative  Falkirk Bairn 22 Apr 20 08:58
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