We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Too low for zero

21 April 2020 By George Hay

A day after the cost of U.S. crude for delivery in May turned negative, the price of June contracts for both West Texas Intermediate and Brent fell by a fifth. Investors are having to face up to a supply glut that is outstripping storage capacity. Prices may fall to zero again.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)