Why did US oil prices crash? And how will it affect me?
Prices of benchmark United States crude turned negative on Monday, dropping as low as -$40.32 per barrel before settling in the negative thirties. And prices fell under pressure again on Tuesday. Why are oil prices crashing? And how could it affect you? Why did US oil prices turn negative? In a word - oversupply. Right now there is so much excess crude sloshing around the US and global markets that […]
