Extreme Volatility In Oil Continues As WTI June Contract Tanks 65%
The price of a WTI barrel of oil rebounded on Tuesday and is now back in the black, mimicking the June futures contract—rather than May’s future contract that is set Continue Reading
Brent Crude Oil Prices Fall 20% As Panic Sweeps The Market
After yesterday’s historic crash which left the West Texas Intermediate U.S. benchmark settling at -$37, panic is beginning to spread through markets, with Brent crude oil prices plummeting by over Continue Reading
Oil’s Meltdown Is Spreading Into the Future With June Below $12
Oil’s collapse is deepening. Just a day after U.S. crude futures for May delivery plunged below zero for the first time ever, June futures plummeted 43% to close below $12 Continue Reading
What the Negative Price of Oil Is Telling Us
The coronavirus pandemic has caused a series of mind-bending distortions across world financial markets, but Monday featured the most bizarre one yet: The benchmark price for crude oil in the Continue Reading
EX-BP CEO: Low Oil Prices Are Here To Stay
The current situation on the oil market with too much supply and collapsing demand is similar to what happened in the middle of the 1980s when a glut led to Continue Reading
Crude Oil Latest News: Why -$100 a Barrel Isn’t a Crazy Bet Now
Orbiting hundreds of miles above the Earth, the Sentinel-1 satellites are the eyes in the sky that show why U.S. oil prices dropped below zero and why much of the world Continue Reading
The Worst Is Yet To Come For Oil Prices
Dashing hopes for some oil producers who may have thought negative prices were a weird quirk, the June WTI contract fell sharply on Tuesday. During intraday trading June contracts collapsed Continue Reading
A Massive Wave Of Shut-Ins Fails To Halt Oil Price Crash
With the physical oil market coming apart at the seams, traders have begun to realize that we are a lot closer to full storage capacity than previously thought. As a Continue Reading
The collapse in oil is a wake-up call for stock markets
The collapse in oil prices is a warning. Anyone who has been swept up by the rally in stock markets since late March would be foolish to ignore it. Even by Continue Reading
Ships, trains, caves: Oil traders chase storage space in world awash with fuel
Oil traders are struggling to find enough ships, railcars, caverns and pipelines to store fuel as more conventional storage facilities fill up amid abundant supply and plummeting demand due to Continue Reading