U.S. crude oil futures for May plummet to minus $37 — lowest price in history
U.S. crude oil prices dropped by almost 300 percent to turn negative for the first time as plunging demand pushed storage facilities to their limits.
May delivery for WTI sank to a new low of minus $37.63 a barrel by the close of the oil market Monday, a staggering level that essentially means producers would be paying buyers to take oil off their hands.
This also means that the barrel is worth more than the oil inside it.
hi .
i had buy at usd oil spot at 25 (not future )
than broker showed the price 0.01.my net loss was -10500 usd . butbroker not closed my deal . just disabled the instrument at 9.30pm moscow .and again enable at 0100 am moscow
and than price was 21.5usd
i closed my deal in lil bit loss . what you thinks . will broker raise the dispute or not . as i have requested to withdraw all money
amirmehrabi
⋅
should be ok.
leeweechong
⋅
@Mrworldwidetrader, nothing wrong with the operation. it is normal that went future expires, they move your contracts. It is probably not spot thought but June futures that is still taking reference from spot pricing. If you want to close your trade and withdraw your account, I don't think the broker will dispute.