Oil sellers are paying people to take the crude stuff of their hands


Share post:

Oil prices have never gone into the negative.

Until now that is.  According to Bloomberg, future contracts for West Texas crude oil fell into negative territory on Tuesday, trading at negative $37.63 a barrel.

The reason for negative trading comes as the economy sits at a standstill.  Meanwhile unused oil companies are running out of room to store it.

The last time oil ever dropped so low was just after World War II.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related articles

Wisconsin Man arrested on Murder charges after traveling to Illinois for “revenge” on ex-wife’s parents

CRETE - The soon-to-be ex son-in-law of a couple found brutally stabbed December 1st in Crete has been arrested...

IG Report: Pontiac Corrections Officials fired after failing to respond to 2018 hazing prank 

PONTIAC - A handful of officials at Pontiac Corrections Center have been fired after failing to respond to a...

Manteno Fire investigating mobile home fire 

MANTENO - A fire at a mobile home Friday remains under investigation this week. The fire broke out around 9:30...

Former Assistant Warden at Stateville arrested last Wednesday in Kankakee 

KANKAKEE - A former assistant warden at Stateville Correctional Center was arrested last Wednesday on five alleged criminal sex...