WTI crude oil price turns negative for the first time in history

The price of oil continues to fall, reaching a historic low. This is the largest decline recorded in the last 30 years. According to RIA Novosti, the value of futures contracts for May deliveries of WTI crude oil has turned negative for the first time in history. The value of the futures contract for May 2020 deliveries of WTI crude oil fell by nearly 162%, reaching -11.42 dollars per barrel.
21 April 2020
1 min read
WTI տեսակի նաւթի գինը պատմութեան մէջ առաջին անգամ դարձած է բացասական

The price of oil continues to fall, reaching a historic low. This is the largest decline recorded in the last 30 years. According to RIA Novosti, the value of futures contracts for May deliveries of WTI crude oil has turned negative for the first time in history.

The value of the futures contract for May 2020 deliveries of WTI crude oil fell by nearly 162%, reaching -11.42 dollars per barrel.

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