inshorts News on April 21 2020 people standing possible text that says CUSHING OKLA PLINCROSSROADS WORLD Why did US crude oil price crash below zero for first time US benchmark oil futures contracts for May delivery fell below zero zero meaning producers were paying buyers because storage capacity is running out at Cushing city With May contracts expiring on Tuesday investors them didnt want take physical of oil and incur costs When contracts expire the holder has to take possession of oil delivered to Cushing
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