U.S. Oil price gone Less Than Zero

There is no place to store the oil and the situation is created by the less storage due to less consumption due to Corona virus situation.

The oil price which is quoted around $18.27 a barrel gone to minus – $37.63, which is almost sellers has to pay the buyers to take the barrels out from their hands.. What a funny situation ?

Traders are telling there will be demand once the corona pandemic will be over and the price will shoot up once again.