Invest
Negative Crude Oil Futures
By Investment Moats  •  April 22, 2020

A negative price on crude oil futures prices.

I remember reading texts how in the past oil can get to very low prices but I have never experienced this in my lifetime.

Well, this period I get to see some historical stuff. Allow me to indulge in some photo-taking.

Crude oil futures expiring on 21st May dipping negative

Within a day, the price of the crude oil futures dip to negative $40 a barrel. And then after that it “shot back up” to $0.49 a barrel.

Many of us would think that the petrol station will be paying us to pump petrol at their petrol kiosk but price have not changed.

We need to understand that this prices we are talking about are futures contracts. These futures contracts are derivatives that allow us to take delivery/secure/buy or sell certain commodities and other stuff at certain prices.

In

...
Read the full article
By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance