Oil Prices Go Negative for the First Time
Last week, we saw oil prices go negative for the first time in history. Due to the limited ability to store supply, at one point we saw prices near negative $40 per barrel.
Last week, we saw oil prices go negative for the first time in history. Due to the limited ability to store supply, at one point we saw prices near negative $40 per barrel.
Is the market wrong or is it just looking ahead towards a potential V-shape or U-shaped recovery? If the market is wrong, could this just be another bear market rally?