For those wondering how oil futures are negative: $1 is apparently the cost to figure out how to get rid of a barrel of oil you just took delivery of.
For those wondering what would happen to an oil-perp: it depends on what index it tracks.
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If the storage shortage problem is only in the US, why are non-US/global players not buying the WTI negative prices, taking physical delivery, shipping overseas, and selling in their local markets? (1/2)
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Its a potentially zero upfront cost trade. Why isn't this gap being covered by arbitrage?
I imagine complications in logistics, but shouldn't a global company with a vertically integrated global supply chain be able to profit from this easily?
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What does "the underlying physical asset" mean here? The world seems to think there's a big difference between "the abstract notion of a barrel of oil" and "a barrel of oil you have to take delivery of and deal with for months".
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