US CRUDE OIL FELL TO (-$37,00) a barrel, meaning sellers have to pay buyers to take their oil as the global economy is down.

US CRUDE OIL FELL TO (-$37,00) a barrel, meaning sellers have to pay buyers to take their oil as the global economy is down.The oil producers have excess oil from their drilling but no storage, while the buyers have no one to sell to because there is no storage on their part too, because cars are not moving, flights and industries have stopped, no one wants the fuel, so for the producers to dispose of this, they have to pay the buyers to take the fuel from them which is why the price of oil has fallen to minus thirty seven dollars a barrel (-$37.00) per barrel. The world economy has been massively hit by covid-19.

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