The Historic Covid-19 Oil Price Crash #infographic

The Historic Covid-19 Oil Price Crash #infographic

The Great Shutdown threatens to turn markets headlong. We looked at the large amount of initial unemployment claims coming from the United States last week, peaking at 22 million over a four-week period.

It's just days later, and we already have our next market anomaly: this time, traders were confused by West Texas Intermediate (WTI) crude — the U.S. benchmark oil price — which somehow flipped negative for the first time in history.

How could that be? So how does the COVID-19 oil price collapse normally fit in with that?
The Historic Covid-19 Oil Price Crash #infographic

infographic by: www.visualcapitalist.com

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