April 2020
Negative oil Prices
Cut to the Chase Report
Pages : 5
Executive Summary
- Oil prices turned negative for the first time in history on April 21, 2020
- The West Texas Intermediate (WTI) crude for May delivery fell more than 100% to end the day at negative $37.63/barrel, meaning producers would pay traders to take the oil off their hands.
- The drastic price plunge was due to a combination of plummeting demand, lack of storage capacity in the US and more importantly the nature of the oil futures markets
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Executive Summary
- Oil prices turned negative for the first time in history on April 21, 2020
- The West Texas Intermediate (WTI) crude for May delivery fell more than 100% to end the day at negative $37.63/barrel, meaning producers would pay traders to take the oil off their hands.
- The drastic price plunge was due to a combination of plummeting demand, lack of storage capacity in the US and more importantly the nature of the oil futures markets
Table of Content
Key Questions Addressed in this report
This report can add value to
Customize this report
Why Custom Research?
- Research and intelligence to suit your business requirements
- Informed decision making
What are Benefits of Customization?
- To-the-point, long or short research reports could be requested
- Reports are exclusively prepared for you
You Ask We Deliver
- Over a decade Marmore has successfully navigated this space of customized research to serve its clients and cater to their unique requirements.
- Our customized research support spans sector research, equity and credit investment notes, modelling, valuation, investment screening, periodical etc.
- We offer clients with intelligence and insights on unexplored and under-researched areas that help stakeholders take well-informed business and investment decisions.
- Our offerings marries the challenges of cost, time, scope & data availability to generate actionable outcomes that are specific to our clients’ needs.
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