Home » Business » US oil is collapsing and the barrel is up to “-8.6” dollars a barrel

US oil is collapsing and the barrel is up to “-8.6” dollars a barrel

08:36 PM

Monday 20 April 2020

Agencies

In a new development of US oil futures prices, sellers may have to pay buyers, to take out oil contracts, Sky News reported.

The futures contracts for American oil recorded remarkably accelerating losses, as the price per barrel reached less than zero, and the contracts achieved losses estimated at 120%, bringing the price of the barrel to -3.7 dollars per barrel.

And a few minutes, and recorded greater losses, and reached 147%, bringing the price of a barrel to -8.60 dollars only, according to Reuters.

– .

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.