Economy

Oil Goes Negative, First Time In History

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from McAlvany Financial:

Oil Goes Negative, First Time In History

VIDEO:

“I’d gladly pay you Tuesday to take this barrel of oil today”. Oil contracts drop to zero, then to negative -$44.00. Fragility in all debt ridden assets open to such catastrophic events. Thanks for listening to this week’s McAlvany Commentary. The objective of McAlvany Weekly Commentary is to provide investors with valuable monetary, economic, geopolitical and financial information that cannot be found on Wall Street. As a listener, each week you’ll enjoy relevant discussions from David and a revolving cast of internationally-renowned economists, authors, and financial advisors.