Falling Oil Prices

Falling Oil Prices

The most heavily traded U.S. crude-oil futures contract fell 43% on Tuesday, April 21st to $11.57 a barrel, its lowest close in 21 years. Tuesday’s drop came a day after one contract for U.S. crude fell below zero for the first time in history. Negative futures prices mean May contract holders were willing to pay someone to get out of their long positions before expiration to avoid being delivered physical crude oil next month.

Share this article