On Monday, April 20th, 2020, the news media exploded with breathless announcements and crazy click-bait headlines — Oil was selling for LESS than zero. In fact, at one point it was reported that the "price" of oil was selling from negative $37 per barrel.
Can you imagine it?
Turns out, it just wasn;t true. Never was. But a bunch of speculators lost their shorts BETTING in the futures market. Let's see If Jeff can explain.
