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Oil Trades Below Zero Across U.S. as Futures Market Craters

  • Bakken crude trades at unprecedented negative $37.63 a barrel
  • Prices follow U.S. futures as tanks become full at Cushing
oil rig workers
Photographer: Brittany Sowacke/Bloomberg
Updated on

Oil is trading below $0 a barrel across the U.S. after the futures market suffered its worst price crash in history.

Barrels from the country’s biggest shale plays and offshore grades are pricing in negative territory, with buyers asking to be paid for taking crude away.