PREVIEW

... il price’ incident.

On April 20, 2020, WTI crude oil futures, which were set to expire, showed a crazy performance, dropping to -37 dollars per barrel.

Of course, the physical crude oil price didn’t fall that far; only the futures price plummeted. But still, it was an extraordinary event—unprecedented in the history of the oil futures market.

Didn’t they even say there was an error because the system wasn’t designed to record a negative number? Anyway, it was something no ...

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