Wednesday, January 27, 2021

Tag: US crude price turns negative AGAIN after briefly trading above zero

US crude price turns negative AGAIN after briefly trading above zero

from RT:

The price for a barrel of US crude West Texas Intermediate (WTI) continued its downward spiral on Tuesday following Monday’s historic crash, which saw prices enter negative territory for the first time ever.

WTI plummeted below zero again after popping up briefly to over $1 per barrel earlier on Tuesday. US crude is trying to recover from Monday’s shocking losses, when prices fell as low as -$37.63 per barrel.

The US benchmark was trading at -$3.43 a barrel as of 9:30am GMT.