Monday, April 20, 2020

Oil prices fall into negative territory for first time ever

U.S. crude oil futures fell into negative territory for the first time
in history as Covid-19 has stunted global demand.

The price of West Texas Intermediate crude for May's delivery closed
Monday at nearly negative 38 dollars per barrel. That price means
producers would need to pay buyers to offload it.

William Denselow reports from New York.

IN: "The price of...
OUT: SOC
DUR: 48 seconds

Generic: http://fsnradionews.com/feeds/0420Oil-wd-generic.mp3