<p>Why on earth did the WTI crude oil contract price go deeply negative for one day in April? What does a negative oil price even mean? In this podcast episode, Everett explains what unusual dynamics in financial markets caused futures prices to trade in negative territory. He also provides some context about the tug-of-war between Russia, Saudi Arabia, and the United States over the oil market in general.</p>

Why on earth did the WTI crude oil contract price go deeply negative for one day in April? What does a negative oil price even mean? In this podcast episode, Everett explains what unusual dynamics in financial markets caused futures prices to trade in negative territory. He also provides some context about the tug-of-war between Russia, Saudi Arabia, and the United States over the oil market in general.

Oil Price War: Crude Oil Goes Negative

Breaking the Dollar is a podcast that uses fascinating stories and real-life examples to reveal valuable insights about gold and silver, investing, financial markets, bullion coins, and trends in our monetary system. Precious metals expert Everett Millman shares his unique perspective from nearly a decade of first-hand experience working in the industry. Money is an ever-present part of our lives, but its ubiquity doesn’t make it any easier to understand! There are many fundamental questions about money we tend to take for granted: What gives money value? What kinds of things have been used as money historically? Are gold, silver, and precious metals still considered money? Will cryptocurrencies like Bitcoin revolutionize the way money works? Find all of these answers on Breaking the Dollar -- and have some fun along the way!

Share Oil Price War: Crude Oil Goes Negative

Sign up to save your podcasts

Oil Price War: Crude Oil Goes Negative

Oil Price War: Crude Oil Goes Negative