Tag: NYMEX

(20 April 2020) We live in strange times.  In recent weeks, the worldwide coronavirus pandemic shutdown has seen an unprecedented effort to stop the spread of the highly contagious and deadly virus.  And then today, crude oil futures actually traded in negative territory for the first time in history as it now costs more to store the oil than it is worth on the open market.  Part of the reason for the negative price is because there is no current demand for delivery of May Futures due to...