How Oil Prices Can Go Negative

How Oil Prices Can Go Negative

How Oil Prices Can Go Negative

04/02/20

“How can oil prices become negative?”

 

Oil is thought to be one of the most valuable commodities in the world. However, like all physical materials, it needs a place to be stored. If an oil producer has more oil than it can hold, it may pay others to take its surplus assets. If this happens at a national level, this is How Oil Prices Can Go Negative.

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