John Authers, Columnist

Markets Can't Ignore an Event This Extreme

Negative oil prices are more evidence of a broken global financial order.

April 21, 2020 at 5:33 AM UTC

John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”

We’re going to need some bigger barrels.
Photographer: Daniel Acker/Bloomberg

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April 20, 2020, will forever go down as the day when the price of oil went negative. It has never happened before and with any luck it will never happen again. What should we make of it?