According to a Reuters report, a month after sellers had to pay nearly $40 a barrel to get rid of U.S. oil futures, the next watershed moment looms with the expiry of the June contract on Tuesday – and so far there is little sign of a repeat of the historic plunge.
What is it?The extent of the damage that the coronavirus pandemic had inflicted on the oil industry came into focus on April 20, when the U.S. benchmark WTI CLc1 contract plunged to minus $38 a barrel.
The virus destroyed so much fuel...
https://mfame.guru/us-crude-contract-expiry-looms-a-month-after-negative-oil-price/