Oil price futures slipped into negative territory on Monday – a shocking oil-market first – making previous doom and gloom forecasts of OPEC’s too-little-too-late production cuts now seem like sober predictions rather than overzealous fearmongering.
But are negative oil prices here to stay?
WTI crude oil futures settled at -$37.63 per barrel on Monday, down $55.90 on the day. Not only was it the largest price drop for the commodity in history at some 305.97 percent, but it was also the first time that the WTI futures market fell below $0….CLICK for complete article
