WTI Crude Crashed to Negative Price On Monday April 20.

Dear PGM Capital blog readers, In the afternoon of  Monday, April 20, the price of West Texas Intermediate oil futures for delivery in May fell to negatives as low as $38.96 a barrel, to close on Friday, April 24, at US$ 17.18 a barrel, as can be seen from below chart. INTRODUCTION: The corona virus has severely reduced oil demand[…]