BREAKING: oil futures have turned NEGATIVE, having lost all of their value, as global demand for crude oil collapses and storage for excess oil is unavailable
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Somehow Donald Trump will blame this on blue state Governors.
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Open the Effing Country!
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It’s a drop in global demand plus Saudi vs Russia flooding the market with over supplying by outputting millions of barrels more than they were. Each wants to put US shale out of business and claim market share. All countries would have to come out of lockdown to drive demand.
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Where do I sign up?
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Glad Trump was able to get on the phone with his boss in Russia and fix this.
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Wondering what it has to do with this - wouldn't be the first time the criminals involved had tried to manipulate the marketshttps://www.wsj.com/articles/trump-putin-saudi-crown-prince-scramble-to-fix-oil-markets-11586523939 …
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'We'll see what happens.'.
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