BREAKING: May WTI futures collapsed by 100% below $ 0.00

US, NEW YORK (ORDO NEWS) — The cost of futures for WTI crude oil for delivery in May 2020 collapsed by almost 100% – to $ 0.01 per barrel, according to ICE London data at 19:56 GMT.

For the first time in history, WTI has reached zero.

As of 20:10 GMT, May WTI oil futures were already trading at minus $ 1.43 per barrel. In turn, the price of WTI varieties for June delivery fell by 14.1% to $ 21.5 per barrel.

The deadline for the May Futures is April 21.

This is a breaking news, we are working and more details will be published as soon as they are available… please refresh the page or go to IN THE NEWS to see latest updates.


Contact us: [email protected]

Our Standards, Terms of Use: Standard Terms And Conditions.