For the first time in the history of trading, oil producers are now paying buyers to take the resource of their hands.
The catastrophic drop in price of oil signals that it is now costs more to store oil than the oil is worth. During the bizarre and unprecedented drop on Monday evening, the price of a barrel of West Texas Intermediate oil, the benchmark for US oil, fell as low as -$37.63 a barrel.
They’ll have to find work for all those unemployed oil rig drillers
I'll take 3 barrels!
BanksyGPM Shay
Free petrol/diesel when no one can fukn use it ... Ironic 😂
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