HISTORIC LOW: (MINUS) -$37.63 A BARREL FOR OIL FUTURES CONTRACT

Highlights: 

• Crude oil futures contract take a beating to minus $37.63 per barrel 
• A historic low since 1946
• It is the result of too much oil in the country with a serious storage deficit

The pandemic of coronavirus seems to be crushing the US oil trading as the oil prices on the futures contract for West Texas crude plummeted to below zero, landing at a negative. The oil trad....