COVID-19

Oil crash explained: How are negative oil prices even possible?

Oil prices have plunged into negative territory due to the glut created by the COVID-19 global economic shutdown. Image: Unsplash/Zbynek Buriva

Atif Kubursi

Professor Emeritus of Economics, McMaster University

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U.S. crude oil's historic crash below zero.
U.S. oil prices have reached below zero for the first time in history. Image: Reuters

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Related topics:

COVID-19Oil and GasRisk and ResilienceEnergy Transition

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