Oil price goes negative as demand collapses; stocks dip

NEW YORK (AP) — Oil futures plunged below zero on Monday, the latest never-before-seen number to come out of the economic coma caused by the coronavirus pandemic. Stocks and Treasury yields also dropped on Wall Street, with the S&P 500 down 1.8%, but the market’s most dramatic action by far was in oil, where the […]

Editorial: How queer can the world economy get when government messes with free markets? About as queer as queer can be with oil at negative prices!

Kelli Ann Cook, Publisher, The Golden Hammer How queer can the world economy get, when government messes with free markets? Yesterday, the world saw a tangible impact of how poorly government manages an economy. The price of oil for a May contract for West Texas Intermedia Crude at the close of the commodities markets in the United […]