Crude USA: Crude in Negative, hit an all-time low in the US.

Future contracts of Crude are not looking good as the demands of countries is not coming as most of them are having stocks with them.

History made on Monday, but this history was not good as Crude hit all-time low in the US and turned in Negative.

We show the zero number in Crude price first time in the 21st century as crude show the lowest point in the USA. All the major countries have stocks which means no new demand.

It touched the low of -$40 a barrel. Brent too was down $2.52 or 9% to settle at $25.51 a barrel.

What’s the cause US crude oil prices go so negative?

From last month the crude market is seeing which was never anticipated nor dreamed by anyone in the USA. It turned negative in our time. Coronavirus is killing market too. 

Due to this pandemic diseases, the demand for oil has come down drastically. The shutdown of significant economies has effected us the crude price.

Still, all the producers are not losing hopes as they are digging out Crude from their wells, the current situation is supplying is more and demand is zero. It is the most significant imbalance of our time. This happened after 25years.

The primary reason crude price plunged is because of trade is going on in the world. 

Due to this condition, many crude companies are desperate to sell their surplus barrels. We might see sharp falls this year due to the sudden collapse of oil prices.

Price in India is over 62 per litre, will we see the lowest price in India? Will Indians drive their cars and scooters with the lowest price in the 21st century? Jokes apart when things will go normal everything will come under balance.

Oil price may get a reasonable price from June in the USA.

This problem we feel will remain the same until June to July end until we find a solution for Coronavirus once people start to live a healthy life all the economic balance will come back.

We hope that the whole world comes on track so that we can see the balance in supply and demand in all the departments.