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On 20 April 2020 the oil market in the USA saw what historic occurrence?

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On 20 April 2020 the oil market in the USA saw what historic occurrence?
posted Dec 19, 2020 by Anuradha Tabyal

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Oil's selling price was negative
The drop to negative pricing was the first in US oil's history. The market had met abrupt drop in demand, following the lockdowns of the COVID-19 pandemic, unresolved differences of opinion among international oil producers as to level of production, a glut of oil in storage facilities, and the end of current futures contracts.

answer Dec 21, 2020 by Samardeep Acharya
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