International Crude Oil Plunges, The Price Per Barrel Is Already Negative
Apr 23, 2020
The collapse of international crude oil has allowed many investors to witness history again. On the 20th, U.S. time, WTI May crude oil futures (West Texas light crude oil futures) settlement fell by $ 55.90, a decrease of about 300%, to -37.63 dollars per barrel. Closed to a negative value for the first time in history!
Suddenly negative crude oil prices have made domestic trading products linked to crude oil "stunned." Bank of China's "crude oil treasure" investors also suffered huge losses, not only losing 330,000 yuan in deposits, but also owing 970,000 yuan in bank deposits.
