From the International Financial Newspaper:
” With special thanks to our funny friend Stig from eINVEST “
Maybe I should explain this one because in a few years nobody will know what had happened. You’ll have to follow the future contracts for Crude oil for this one. But for the first time since 1929 the price for the may 2020 future for WTI Crude was -/-$35 a barrel. Meaning that buying a barrel of oil does not cost you anything. It would bring you $35. Because for the first time oil storage capacity was completly full. The low oil prices caused an abundance of oil because everybody at the same time decided to wait until the prices would go up.