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August 7, 2020 21 min
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.
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