BREAKING: OIL -37.63! The Worst Thing That Could Happen

BREAKING: OIL -37.63! The Worst Thing That Could Happen To The U.S. Petro-Dollar HAPPENED - 1894-6P

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Category: News & Politics

Pete Santilli1

Published on Apr 20, 2020

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THE PETE SANTILLI SHOW
Episode #1894 - Monday - April 20, 2020 - 6PM
Live Broadcast Link: https://youtu.be/0F29Xet7xqA

BREAKING: OIL -37.63! The Worst Thing That Could Happen To The U.S. Petro-Dollar HAPPENED - 1894-6P

U.S. oil’s May contract plunged into negative territory on Monday, meaning that you would have to pay to get someone to take barrels of oil off your hands. West Texas Intermediate oil trading on the New York Mercantile Exchange plunged nearly 300% to settle at negative $37.63 a barrel. The May contract expires CL.1, -183.14%CLK20, -183.14% Tuesday. That one-day drop marks the first time the contract has traded negative in history and would be the largest tumle on record going back to 1983, while a finish near its current level would be far below the previous all-time low for a front-month contract, according to Dow Jones Market Data. BREAKING: OIL -37.63! The Worst Thing That Could Happen To The U.S. Petro-Dollar JUST HAPPENED – The Pete Santilli Show http://ow.ly/pKLo30qzn8B

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