What just happened to Oil? The unthinkable became a reality in the front-month May contract as the price of WTI got slaughtered as low as -$40.00. Producers are at a point where they no longer have sufficient capacity to store all the surplus of Oil, so they’ll pay to get rid off it. Let me show you first, via price bulletins and posted prices, where we stand in the American physical oil market by the close of New York. What once could not be fathomed (read replies), this pandemic keeps both schooling the uneducated and defying old beliefs and paradigms. {tweet} A picture speaks a thousand words, right? You probably ... (full story)