Tuesday, April 21, 2020

Less than Zero

Did you say below zero!?

I was - to say the least - surprised to see oil trading at less than zero $US
per barrel yesterday. There is an explanation: reserves are full; it is a
physical problem.

Other development; the President announced that the US might use this
opportunity to replenish american strategic reserves!!

https://www.ledevoir.com/economie/577356/le-brut-americain-s-effondre-mine-par-la-chute-de-la-demande-et-la-saturation-des-reserves


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