International Journal of Foreign Trade and International Business
2020, Vol. 2, Issue 1, Part A
The WTI Crude Negative Pricing
Crude Oil is and was the most coveted commodity in the world, as it is the engine of transport, manufacturing and other ancillary industries. Can you imagine snoozing off on April 17th 2020 and waking up on April 20th 2020, only to find that this commodity has become the seller's Crimean curse? For starters, the Corona Virus clamped all economic and social activity, halting all semblance of the industrial 21st century, during the lock down that has extended for more than two months. Its during this unprecedented phase, that all economic wisdom came screeching to a halt. Stay with me through the course of the article to understand what happened to the WTI Crude April Futures.