Thursday, January 28, 2021

Tag: NEGATIVE OIL PRICES FIRST TIME EVER: More Insanity To Come In The Weeks Ahead

NEGATIVE OIL PRICES FIRST TIME EVER: More Insanity To Come In The Weeks Ahead

by Steve St. Angelo, SRSRocco Report:

While I forecasted Negative oil prices were on their way last month, it’s still SHOCKING to see it happen to such a degree.  Today, the May WTIC futures contract saw the price drop to a stunning NEGATIVE $38 a barrel.  Gosh, I thought we might see slightly negative oil prices, especially in the Canadian Oil Sands or Shale Oil, but I never imaged it falling to $38 with a MINUS sign in front of it.