Traders play 'hot potato' with U.S. oil contract as it crashes to $5 a barrel

April 20, 2020 by  
Filed under News

Energy traders bailed out of the expiring May U.S. oil futures contract in a frenzy on Monday, as the contract dropped by more than 70% to less than $5 a barrel and opening the widest gap ever between it and the next contract with storage rapidly filling.

Source: Reuters Business News

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