Negative Oil Price Will End The PetroDollar System

Negative Oil Price Will End The PetroDollar System

Apr 20, 2020 | Economic Collapse

Prices of U.S. crude oil futures turned negative for the first time ever on Monday, at one point plunging roughly 300% as the ongoing coronavirus pandemic has frozen demand for – and fueled an oversupply of – domestic oil. Some West Texas Intermediate contracts –...