$10 a barrel

[DimPrawn]

Light Sweet Crude Oil -28,00 -305,97% 19:35

$-38 now....

[Paddy]

$-38 now....

Just filled my car with fuel and the filling station paid me £50

[ladymuck]

Just filled my car with fuel and the filling station paid me £50

If only such price changes could reach the pump!

[BlasterBates]

Is now the right time to walk through the valley of the shadow of death, and fear no evil, as fire raineth down from the heavens and the heads of the horses are like the heads of lions; and out of their mouths proceed fire and smoke and brimston...

...and buy Exxon Mobil

[quackhandle]

Okay, putting my AndyW head on, how can you have a negative price for something? (guessing it is because it is a commodity or summat).

qh

[ladymuck]

Okay, putting my AndyW head on, how can you have a negative price for something? (guessing it is because it is a commodity or summat).

qh

I think, and it's just a guess, that producers are having to pay buyers to take oil off their hands as there's more being produced than the demand calls for. It's an oversupply issue and storage is finite.

[OwlHoot]

Okay, putting my AndyW head on, how can you have a negative price for something? (guessing it is because it is a commodity or summat).

qh

Some old iron radiators sitting in my courtyard are worth a negative price, because when I phoned the scrap merchant to ask how much they'd give me for them, the cheeky feckers told me they'd have to charge _me_ to cart them away!

[LondonManc]

Is now the right time to walk through the valley of the shadow of death, and fear no evil, as fire raineth down from the heavens and the heads of the horses are like the heads of lions; and out of their mouths proceed fire and smoke and brimston...

...and buy Exxon Mobil

Hope you've got a big tank. May contract expires tomorrow. If you have a May contract at expiration, you must take physical delivery of 1,000 barrels of oil at Cushing in Oklahoma.

[BlasterBates]

Hope you've got a big tank. May contract expires tomorrow. If you have a May contract at expiration, you must take physical delivery of 1,000 barrels of oil at Cushing in Oklahoma.

I know (KUATB)

That's why I'm thinking of buying shares in Exxon Mobile and not futures on the Nymex

[BlueSharp]

I wonder what Krankies independence manifesto looks like 'Scottish oil' prices at this level. I doubt she would blame the English.