Jack Farchy

Business, Fuel

Negative WTI Offers Glimpse of Future for Oil Market in Meltdown

Pumpjacks operate on oil wells in the Permian Basin in Crane, Texas, in 2018. Pumpjacks operate on oil wells in the Permian Basin in Crane, Texas, in 2018. (Bloomberg News)

Traders may have hoped that the April 20 collapse in U.S. oil prices below zero for the first time in history was an aberration.

Jack Farchy | Bloomberg News
April 21, 2020