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Negative Oil Explained

On April 20th, 2020, the price of oil went into negative territory. For the first time in history, oil producers would pay traders to take oil off their hands and store it. When any significant event occurs, there is always a lot of information to sift through. So to that end, the excellent writers at visualcapitalist.com have created a simple piece explaining the causes of the decline along with what's needed to recover. For the full piece, please click HERE.