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04:38

Flash Update

Coronavirus - Oil Price Insanity Flash Update

Published on: April 21, 2020 • Duration: 5 minutes

Roger Hirst talks about how the front month WTI futures contract collapsed into negative prices for the first time ever on Monday 20th April, just ahead of its expiry. Physical delivery and lack of storage facilities were largely to blame, but the ongoing weakness along the whole of the oil curve is reflecting demand destruction across the whole of the global economy.

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