Oil Goes Negative

Oil prices on Monday went into the negative for the first time in history.  The price of US crude dropped nearly $56 per barrel or 306 percent to settle at -$37.63 per barrel. The one-day drop is the largest on record dating back to 1983. The final price is far below the previous all-time low of $10.42 per barrel set on March 31, 1983. […]