Price of Futures for June delivery of West Texas intermediate are now zero
7 replies (most recent on top)
Thanks Captain obvious, and everyone else for keeping those of us with no internet access informed!
June delivery WTI dropped 41% overnight to $11.95 . Brent at $18.31.
“The May contract for West Texas Intermediate, which expires Tuesday, dropped more than 100% overnight to settle at negative $37.63 per barrel” (CNBC) ... how is that even possible, can’t they just leave it in the ground?
May, June...any futures contract going BELOW ZERO is shocking! I guess on the bright side, it can only go up from here.
No, not even close. CNN for sure. The professors of Fake News!
Well, it was the May contract that expires tomorrow that went negative but that wouldn't make as sensational headline as the June contract going negative. OP must work for Fox News.
Free? where do you get your WTI futures? Find a new site, pal.