Petroleum DRAMA: One bitcoin for a oil tanker

Petroleum DRAMA: WTI falls below zero, pushing the markets into a parallel space-time universe. Traders willing to pay to convince someone to take oil, with the WTI delivery contracts in May, expiring on Tuesday, collapsing below $ 40 a barrel, which canceled in one fell swoop a whole decade of growth in demand.

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Oil settles under $37 for first time since the recession

Oil prices settled under $37 a barrel on Thursday for the first time since 2009, after data from the Organization of the Petroleum Countries’ report showed that the group increased its crude production in November to its highest monthly level in three years.

Natural-gas futures, meanwhile, ended with a loss after a U.S. government report showed that supplies fell more than expected last week, but total stocks remained well above the year-ago level.