Crude Oil Price is Gone Negative History in the Making


#OilPrice #CrudeOil #OilCrash

Crude oil has crashed and keeps going down. This is absolutely historic:

Starting to turn negative: -8.61 USD

crude oil price dra martha castro noriega https://drmarthacastrodoctor.com/

Oil prices tumbled today as oil prices dropped 12%. The economic crisis set off by the pandemic continued to destroy demand for energy and as concerns grew that storage tanks in the United States were near capacity and unable to hold all the unused crude.

This is how much everyone was dumping the Crude Oil Futures at -37.25 USD !!

crude oil price dra martha castro noriega https://drmarthacastrodoctor.com/

Closed at 303% down! The unthinkable just happened today.

crude oil price dra martha castro noriega https://drmarthacastrodoctor.com/

We are living unprecedented times, when a roll of toilet paper is worth way more than a barrel of crude oil.

crude oil price dra martha castro noriega https://drmarthacastrodoctor.com/

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13 Comments

  1. “The Big Oil Deal” what a fiasco. Laughable, really. Sad thing is, a lot of people are going to suffer from this crash, cuz.

    Liked by 1 person

    1. Indeed, cuz. But this is the first one of many to come. Some will be obvious like this one, others will be more subtle (governments of the world will try to hide it) but painful to the regular citizen as well.

      Liked by 1 person

  2. This crash really hurts. This will be a nightmare for a lot of people.

    Liked by 1 person

    1. Certainly, Roland. But the price of oil will come back up tomorrow because Trump is going to store 75 million barrels of oil in their reserves. The question is if it’s going hold, for how long and how much. We’ll see.

      Liked by 1 person

  3. Linda Schaub says:

    Scary that they cannot even give it away … SMH.

    Liked by 1 person

    1. I know, huh? Those people never give anything away. They rather throw it away or bury it. LOL, I had to Google “SMH” LOL, hahahahha.
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  4. Charles says:

    I have found this interesting, considering that back in 1979 they told us there was an oil shortage which cause mass hysteria and the first gas lines. I was living in Houston at the time. Though those prices still weren’t as high as they’ve been the last 10 years. Obviously, we all need to quit playing this game and get a horse & buggy.

    Liked by 1 person

    1. Your comment made me think of Little House on the Prairie. I loved the horse and buggy of Dr. Baker.
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  5. Christy B says:

    So much history making going on right now. It’s mind-blowing.

    Liked by 1 person

    1. I know, Christy. It’s something else. We are living interesting and historic times in all aspects: health, financials, you name it. Changes up and down, right and left. Oh goodness!

      Like

  6. I’ve seen that oil was down to $-40.3 per barrel. Such a historical event.

    Like

  7. Halbarbera says:

    Free at last: pollution-wise in many cities! And many birds have ceased coughing!

    Liked by 1 person

    1. I have noticed the sky is blue, deep blue, really beautiful!

      Liked by 1 person

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