Price of Oil Nose-Dives Below Zero for First Time in History “Almost by definition, crude oil has never fallen more than 100%, which is what happened today,” said Dave Ernsberger, global head of pricing and market insight at S&P Global Platts. Of all the recent financial market crashes as a result of COVID-19 related shutdowns, none caught as many off guard as did the crash of the U.S. oil market today […] SnowBrains | April 22, 2020 0 Comments
