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Tag: Crude Collapse Concerns COMEX – Craig Hemke (April 21

Crude Collapse Concerns COMEX – Craig Hemke (April 21, 2020)

by Craig Hemke, Sprott Money:

After watching front month NYMEX crude oil futures collapse into negative pricing on Monday, you should be sure to consider the possibility of an exact opposite scenario playing out one day soon inĀ COMEX gold futures.

What happened Monday in NYMEX crude oil? It can be summarized this way:

  • The May20 crude oil contract was scheduled to go off the board and into delivery on Tuesday, April 21.