Facts Tell: What does it mean when oil prices are negative?

U.S. crude oil futures collapsed below zero U.S. dollars on Monday for the first time in history, amid a coronavirus-induced supply glut, ending the day at a stunning minus 37.63 U.S. dollars a barrel.

Meanwhile, offshore oil storage has also increased significantly.

What do negative oil prices mean for consumers?

Are we heading to a financial crisis?

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About This Source - CGTN

This story is an English language news item from CGTN. CGTN is a Chinese state-funded broadcaster.

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