Ask MARTIN
Jun 09, 2020
3 minutes
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It’s not often I write about the price of a barrel of oil. Yet, in recent weeks we saw something extraordinary happen. The US oil price went negative, they couldn’t sell it, instead they were paying to have barrels stored. Of course, the cause is obvious, the coronavirus-driven economic slump means there’s no demand, which causes prices to bottom out.
The one silver lining in this miasma
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