Oil
reached negative price (-US$ 37.63).
Credit
to Google.
Surprisingly,
oil price plummet sharply below zero or negative. The price reached
negative (- US$ 37.63) for first time at least in American history.
Negative
price means that if we are consumers, then the producers will pay us
to take their oil from their hands.
We
might ask the question, Why Oil Price Goes Negative? The possible
answers are:
-
supply more than demand
-
oil storage are overflow
- no
space to store over supply of oil
In
term of stock market, oil was traded in New York Mercantile Exchange
(NYMEX) since 1983. NYMEX was opened in 1872 for commodities trade,
included:
-
copper
-
platinum
-
gold
-
silver
The
negative price happened when sellers can not find the buyers for
future contract, usually near term contract.
Near
term contract refer to price contract in days, weeks or a month, not
in years.
It
is a sign of bad economy in which negative price means no demands,
thus less industry activities (productions). Then, lead to
unemployment, and then hurt economic. On and on.
During this Movement Control Order, we hardly use our car and the petrol tank is still full. We have to braced ourselves for a world wide bad economy.
ReplyDeleteThank you to visit:
DeleteWhy Oil Price Goes Negative in the Market?
-
Surprisingly, oil price plummet sharply below zero or negative. The price reached negative (- US$ 37.63) for first time at least in American history.
Why Oil Price Goes Negative in the Market?
Delete-
Oil reached negative price (-US$ 37.63).
Credit to Google.
Surprisingly, oil price plummet sharply below zero or negative. The price reached negative (- US$ 37.63) for first time at least in American history.
Negative price means that if we are consumers, then the producers will pay us to take their oil from their hands.
We might ask the question, Why Oil Price Goes Negative? The possible answers are:
- supply more than demand
- oil storage are overflow
- no space to store over supply of oil
In term of stock market, oil was traded in New York Mercantile Exchange (NYMEX) since 1983. NYMEX was opened in 1872 for commodities trade, included:
- copper
- platinum
- gold
- silver
The negative price happened when sellers can not find the buyers for future contract, usually near term contract.
Near term contract refer to price contract in days, weeks or a month, not in years.
It is a sign of bad economy in which negative price means no demands, thus less industry activities (productions). Then, lead to unemployment, and then hurt economic. On and on.
This is very interesting and enlightens me how the news here tells us of price rollbacks. Although we don;t get to enjoy this news lately due to the lockdown.
ReplyDeleteThank you so much for following my blog and I am now a follower of yours as well :) I really love your name, it's very interesting because one of the cities here in Cavite Province where I live is named "Tanza" :)
Wow...surprising me about my name...
DeleteThank you to visit:
Why Oil Price Goes Negative in the Market?
-
Negative price means that if we are consumers, then the producers will pay us to take their oil from their hands.
We don't need a lot of oil today because a lot of our cars are in the garages and the planes are at the airport and not in the air.
ReplyDeleteThank you to visit:
DeleteWhy Oil Price Goes Negative in the Market?
-
We might ask the question, Why Oil Price Goes Negative? The possible answers are:
- supply more than demand
- oil storage are overflow
- no space to store over supply of oil
Have a good day
ReplyDeleteThank you to visit:
DeleteWhy Oil Price Goes Negative in the Market?
-
In term of stock market, oil was traded in New York Mercantile Exchange (NYMEX) since 1983. NYMEX was opened in 1872 for commodities trade, included:
- copper
- platinum
- gold
- silver
I don't have a car but I do heat my apartment with oil. It's a good time to buy some if you need it but overall it's bad for the economy worldwide.
ReplyDeleteThank you to visit:
DeleteWhy Oil Price Goes Negative in the Market?
-
The negative price happened when sellers can not find the buyers for future contract, usually near term contract.
ne sto sentendo parlare in questi giorni del forte calo,quasi non vorrebbero estrarlo..
ReplyDeleteun caro saluto
Thank you to visit:
DeleteWhy Oil Price Goes Negative in the Market?
-
Near term contract refer to price contract in days, weeks or a month, not in years.
I Agree With Your Stats - Its Just That I Am Pleased About Fewer And Fewer Cars On The Road - Made For A Very Special Earth Day - Stay Strong Brother T
ReplyDeleteCheers
Thank you to visit:
DeleteWhy Oil Price Goes Negative in the Market?
-
It is a sign of bad economy in which negative price means no demands, thus less industry activities (productions). Then, lead to unemployment, and then hurt economic. On and on.
I'm glad there's fewer cars on the road too. Covid-19 is getting all the news these days but we still need to do something about carbon emissions and climate change. I'm pretty sure all of this will be terrible for the economy though.
ReplyDeleteThank you to visit:
DeleteWhy Oil Price Goes Negative in the Market?
-
Oil reached negative price (-US$ 37.63).
Credit to Google.
Es ist gut, dass die Natur auf Grund der Krise einmal ein wenig Pause hat. Vielleicht musste das alles so sein, damit wir endlich kapieren, dass es so nicht weiter geht!
ReplyDeleteLiebe Grüße
Christine
Thank you to visit:
DeleteWhy Oil Price Goes Negative in the Market?
-
Surprisingly, oil price plummet sharply below zero or negative. The price reached negative (- US$ 37.63) for first time at least in American history.
We are living in the times of history at the moment.
ReplyDeleteAll the best and stay safe!
Thank you to visit:
DeleteWhy Oil Price Goes Negative in the Market?
-
Negative price means that if we are consumers, then the producers will pay us to take their oil from their hands.
Definitely less demand for oil right now with many people staying home and working from home. Stay safe!
ReplyDelete~Jess
Thank you to visit:
DeleteWhy Oil Price Goes Negative in the Market?
-
We might ask the question, Why Oil Price Goes Negative? The possible answers are:
- supply more than demand
- oil storage are overflow
- no space to store over supply of oil
Everyone is staying home so less usage too.
ReplyDeleteThank you to visit:
DeleteWhy Oil Price Goes Negative in the Market?
-
In term of stock market, oil was traded in New York Mercantile Exchange (NYMEX) since 1983. NYMEX was opened in 1872 for commodities trade, included:
- copper
- platinum
- gold
- silver
The low gas prices are unbelievable. I haven't driven my car in a month (although the husband has a few times). #goal for tomorrow: start that thing up!
ReplyDeleteAlso, I'm very happy to hear that your neighbor gave you a mask. The acts of kindness alive in this trying time show the beauty of the human spirit.
Unfortunate, we less drive when gas price goes lower.
DeleteThank you to visit:
Why Oil Price Goes Negative in the Market?
-
The negative price happened when sellers can not find the buyers for future contract, usually near term contract.
The world's economic is going to get really low for some time and many industries has been heavily impacted. Not only oil and gases but also services such as renovation services, entertainment and much more! Lets say strong and get through this together!
ReplyDeleteYes, indeed....
DeleteThank you to visit:
Why Oil Price Goes Negative in the Market?
-
Near term contract refer to price contract in days, weeks or a month, not in years.
Why Oil Price Goes Negative in the Market?
ReplyDeleteI just know about this matter.
we need lower oil price more than enough.
ReplyDeleteWhy Oil Price Goes Negative in the Market?