Today, the price per barrel of West Texas Intermediate reached a low of -$40.32. That's right: the price was negative. West Texas intermediate (WTI), also known as Texas light sweet, is a grade of crude oil used as a benchmark in oil pricing. Everyone has the same question: How is this possible?
Why Oil Price Went Negative Today
Why Oil Price Went Negative Today
Why Oil Price Went Negative Today
Today, the price per barrel of West Texas Intermediate reached a low of -$40.32. That's right: the price was negative. West Texas intermediate (WTI), also known as Texas light sweet, is a grade of crude oil used as a benchmark in oil pricing. Everyone has the same question: How is this possible?