Negative oil prices - paying people to take it.

[thexav]

Never thought I'd see the day they were giving oil away and paying people to take it!

Do you think my local petrol station will pay me to take a tank of fuel off their hands? I think it's at least worth offering to help out in this crisis!

 

[TCJBOLDIE]

Topped up the CTR's tank with 98 @ 99cents per litre

 

[obi_waynne]

Nice what a bargain.

This issue came about when futures traders couldn't sell their orders and were having to take delivery of the oil, so to avoid transportation and storage costs they were paying people to take them off their hands!

It's an interesting anomaly, I wonder where it will lead next.