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What's happening: US oil prices plunged, falling below $0 Monday. At one point, oil fell to $-1.43 a barrel. That's the lowest level since NYMEX opened oil futures trading in 1983.The selloff can be attributed in part to market mechanics. The May futures contract for West Texas International, the US benchmark, is about to expire. Most investors are already focusing on the June contract, thinning out trading volume and feeding volatility, UBS analyst Giovanni Staunovo told me.
Feels like the 1980s OilPrice OilCrash
Why is gas still $1.97 a gallon where I live?
Trump will have some explaining to do to the ethanol farmers , he has constantly continue to give bail outs agricultural welfare to buy farmers votes , ethanol is a field industry and there is something wrong with the president partners , Ethanol cost more than a gallon of gas
Can't you see it's only temporary? Just like everything else is right now. Bunch of whiny, know-it-all hens
Which is cheaper today, McDonald’s Big Mac meal or a barrel of US oil? mcdonalds
Buy oil stock once it starts trending back up, become a billionaire
nursemidwife Oil is negative $36 per barrel. Update your story CNN
最近、日本の石油価格がここ2、3週間安くなってる。 値崩れが起きてたのか？
What does it mean for US economy?
Hilarious
What a shame Have you ever heard of Electricty car and vehicles have been running on this since 1950
Good. Now make gas 75 cents a gallon. I’m sure they will still make ridiculous profits so they will be fine
WOW WHEN PEOPLE DONT DRIVE THE LAND AIR WATER PEOPLE ANIMALS DO AMAZING
And in So California, the price is $2.29 per gallon.. what would the price be if the price of oil went up $30 a barrel? Absolute criminals
She do we see .50 gas?
So, the barrel is now worth more than the contents.
Worthless now? I'm buying
Why are we in Pittsburgh paying 2.19 a gallon with some stations at 2.49? A little gouging taking place?
I wonder how much of the world Putin will set on fire, as his one trick economy evaporates.
Whyem15
I paid $3/gallon yesterday in Emervyille, CA. Explain that.
I'll pass till it's free.
Pricing should be adjusted immediately
窩巢，比自來水便宜
Trump called the FBI human scum. You won’t be in office past November and if you think they will forget what you called them then you are even more stupid than I thought.
I better see $0.50 cent gas the next time I fill. ⛽️
Hooray! Stop using the bloody stuff as much as possible.
Wow. Unbelievable
We feel so sorry for the big oil companies. --said no one ever.
So crude oil prices fell almost 90%, but the price at the pump fell only 50%?
Can’t wait for $1.00 gasoline
This is exactly why we need to reopen the country. Sure lets blame trump while stupid nancy is not helping the small business's and telling everyone to stay home
There is no demand.
Kill the oil industry & introduce the wind, solar, geothermal industries. ActOnClimate CleanEnergyRevolution
Too bad we can't hoard gasoline.
Good work done
ProfMowafy
WoW...Trump is screwed 😂😂😂
Seems like a perfect time to switch to renewable energy.
Oh my goodness, what will the Canadians do now ?
Why am I still paying $1.65 a gallon?
Finally oil will be a dirt from the past
Will Trump tell us again about his wonderful deal with the oil producing countries to get prices back up? Look for another conversation between him & Putin. Russia’s economy must be taking a real dump right now.
I'll take, headlines I never expected to see for $500
So much winning
A domain name is now more expensive than a barrel of oil. Congratulations GoDaddy, bluehost and Namecheap. 😄
I did not think oil could ever get that low.
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