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Established in 2006 as a Community of Reality

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For the first time in history ... sellers have to pay buyers to take oil futures contracts

rocky
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For the first time in history ... sellers have to pay buyers to take oil futures contracts Empty For the first time in history ... sellers have to pay buyers to take oil futures contracts

Post by rocky on Mon 20 Apr 2020, 2:04 pm

[size=36]For the first time in history ... sellers have to pay buyers to take oil futures contracts[/size]

Economy | 09:44 - 20/04/2020

For the first time in history ... sellers have to pay buyers to take oil futures contracts 182042020_C129EDCD-0E66-42FD-A9A2-1DCBE7470285




Baghdad - Mawazine News
The price of a barrel of US oil fell on Monday to less than zero dollars for the first time in history.

The price of West Texas Intermediate (WTI) crude futures fell Monday to $ 8.60 below zero per barrel, after US oil lost about 150% of its value.
For the first time in history, sellers will have to pay buyers to take out oil futures contracts.


rocky
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For the first time in history ... sellers have to pay buyers to take oil futures contracts Empty US oil futures are down more than 147% to -8.6 dollars a barrel

Post by rocky on Mon 20 Apr 2020, 2:05 pm

[size=36]US oil futures are down more than 147% to -8.6 dollars a barrel[/size]

Economy | 09:27 - 20/20/2020

For the first time in history ... sellers have to pay buyers to take oil futures contracts 61642020_images-23




Baghdad - Mawazine News 
The price of US crude oil recorded the largest daily decline ever, after falling more than 147% to -8.60 dollars a barrel, coinciding with the evaluation of investors to the market situation, which suffers from severe oversupply as a result of the decline in demand caused by the Corona pandemic.
US NYMEX crude for May delivery fell 147% to -8.60 dollars a barrel, the biggest drop in the history of oil markets, and the price is the lowest ever.
This coincides with the pandemic pressures on the global economy and its threat to erase a decade of demand growth, causing it to lay off millions of their jobs, and wipe out hundreds of billions of dollars of corporate market value.
However, technical factors played a role in the decline in May futures prices, which expire tomorrow, Tuesday, which prompted traders to sell them quickly. However, June delivery contracts did not deliver from losses and declined by 13% to $ 21.80 a barrel. , Until now.
Since the beginning of the year, crude prices have fallen more than 80%, or $ 50 a barrel, due to the repercussions of the coronary virus outbreak and the collapse of the "OPEC +" agreement last month, before the producers remedied this month and approved a historic cut. Analysts say the agreement came too late, allowing huge volumes of supply to pass to the market.
is over
rocky
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For the first time in history ... sellers have to pay buyers to take oil futures contracts Empty American crude plunges to less than $ 8 a barrel

Post by rocky on Mon 20 Apr 2020, 2:06 pm

[size=36]American crude plunges to less than $ 8 a barrel[/size]

Economy | 07:49 - 20/04/2020

For the first time in history ... sellers have to pay buyers to take oil futures contracts 172042020_1-1338363



Follow-up - Mawazine News The
price of West Texas Intermediate crude barrel continued to drop, to an unprecedented historical level, since 1986, with the collapse of global oil demand due to the Corona crisis.
The price of a barrel of US crude fell to less than $ 8, an unprecedented level since 1986, with warehouse facilities approaching full capacity after the global demand collapsed by the Covid-19 outbreak.
Around 15:00 GMT, the price of West Texas Intermediate barrel for May delivery fell by 40.78 percent, to $ 10.82 10 minutes before falling to $ 10.34.
Oil markets have fallen in recent weeks to their lowest levels in nearly 20 years, amid closures and travel bans around the world, which strongly affect demand. Ended 6/29 N


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For the first time in history ... sellers have to pay buyers to take oil futures contracts Empty US oil futures fall below zero dollars a barrel

Post by rocky on Mon 20 Apr 2020, 2:16 pm

[size=35][size=35]US oil futures fall below zero dollars a barrel[/size][/size]

Economie


2020-04-20 | 14:15
For the first time in history ... sellers have to pay buyers to take oil futures contracts Doc-P-342197-637230016296501918






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[size=18]On Monday, US oil futures tumbled more than 120% to -3.7 dollars a barrel.


Reuters  reported this afternoon that US crude futures tumbled 98% to 20 cents a barrel.

This is the lowest level recorded by US crude, "West [url=https://www.alsumaria.tv/Entity/2861960649/%D8%AA%D9%83%D8%B3%D8%A7%D8%B3 %D8%A7%D9%84%D9%85%D8%AA%D9%88%D8%B3%D8%B7%D8%A9/ar/]Texas Intermediate[/url]" in history.

Meanwhile, Brent crude contracts traded at $ 26.43 a barrel, a 5.88% decrease from the previous closing price.







Experts attributed the decline to the decline in demand for crude due to the spread of the Corona virus, and the proximity of US oil depots to fullness.
https://www.alsumaria.tv/news/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF/342197/%D8%A7%D9%84%D8%B9%D9%82%D9%88%D8%AF-%D8%A7%D9%84%D8%A2%D8%AC%D9%84%D8%A9-%D9%84%D9%84%D9%86%D9%81%D8%B7-%D8%A7%D9%84%D8%A3%D9%85%D9%8A%D8%B1%D9%83%D9%8A-%D8%AA%D9%87%D9%88%D9%8A-%D8%A7%D9%84%D9%89-%D8%A3%D9%82%D9%84-%D9%85%D9%86-%D8%B5%D9%81%D8%B1-%D8%AF
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For the first time in history ... sellers have to pay buyers to take oil futures contracts Empty Re: For the first time in history ... sellers have to pay buyers to take oil futures contracts

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