WTI oil contract crashes 74% but some ETF investors refuse to give up

FORBES | The West Texas Intermediate May oil futures contract, set to expire on Tuesday (April 21), is suffering a slow and painful end at the hands of short-sellers having hit levels unseen since the second quarter of 1986, and it could get worse still. At 12:59pm EDT on Monday (April 20), the contract was down a whopping 74% or $13.48 to $4.74 per barrel on concerns over near-term crude oil demand as traders dumped positions at a canter in the expiring contract.

To read the full article, click here.

  • LinkedIn
  • Twitter

© 2020 Energen. This website represents a proof of concept of the future platform