

What made oil prices go negative?
When the U.S. oil contract for May delivery closed at a negative price, -$37.63/barrel, investors asked whether they would be paid for putting petrol in their own cars? While this question might seem absurd, this effectively happened for a specific circumstance in the US oil markets. Hugh Dive from Atlas Funds Management explains how this anomaly occurred and what the economics are behind the petrol station that will stop us getting paid to fill up our cars. [00:00:50] Last
Apr 28, 2020
