The Day Oil Investors Piled In (And Lost It All)

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In April 2020, oil prices didn’t just crash—they went negative. The pandemic, a price war between Russia and Saudi Arabia, and a sudden collapse in demand left the world drowning in oil with nowhere to store it. Futures contracts tied to oil became toxic, forcing sellers to actually pay buyers to take barrels off their hands. Ordinary investors, from a young couple in China to millions buying oil funds in the U.S., lost life savings when their bets turned disastrous. Even a historic OPEC+ production cut couldn’t stop the chaos, exposing how risky and unpredictable oil markets truly are.

📃 Sources:

The 20 minutes that broke the oil market
Just How Big Is the Biggest-Ever Slump in World Oil Demand?
Oil Trades Below Zero Across U.S. as Futures Market Craters - Bloomberg
China’s Banks Halt Positions on Oil Products as Investors Burnt - Bloomberg
Mom and Pop Piled Into Biggest U.S. Oil ETF During Historic Rout - Bloomberg
How ETFs, New Whales of the Oil Market, Are Roiling Prices
Real Oil Price Plunge Pushes Major Producers to the Brink - Bloomberg
Is the USO Fund a Good Way to Invest in Oil?
Brokers Are Trying to Keep Some Traders Away from Volatile Oil Futures
Oil Price War Ends With Historic OPEC+ Deal to Slash Output
Real Oil Market Is Sinking and OPEC+ Deal Can’t Rescue It - Bloomberg

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