Texas oil price goes through the floor as traders can't give it away
The price of West Texas light crude oil went through the floor on Monday, writes Joel Hills.
Oil
Latest Stories
US oil price turns negative for first time in history as demand collapses
Traders were being paid more than 40 dollars to buy a barrel.
Global pact agreed to cut oil production amid coronavirus crisis
OPEC and oil-producing nations agreed to cut oil production by nearly 10 million barrels a day.