The Historic Covid-19 Oil Price Crash #infographic

The Historic Covid-19 Oil Price Crash #infographic

The Great Shutdown is continuing to transform markets on its head. Last week we looked into the massive amount of initial jobless claims coming from the United States, which peaked at 22 million over a four-week stretch.

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

How can this be? And how does this usually fit in with the COVID-19 oil price crash?

The Historic Covid-19 Oil Price Crash #infographic

infographic by: www.visualcapitalist.com

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