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 US Öl auf historischem Tief infographic
Grafik zeigt den historischen Tiefstand für US Öl
GN40152DE

ENERGIE

Öl Preise fallen unter null, da Nachfrage fehlt

April 21, 2020 - Der Preis für das US Benchmark Rohöl fiel unter null je Fass, die Nachfrage hat dank Coronavirus stark nachgelassen -- es ist laut Analysten das erste Mal, dass der Preis eines Futures Contracts ins Negative gedreht hat

West Texas Intermediate crude briefly dropped as low as -$40 per barrel on Monday before closing at -$37.63.

The unprecedented event in energy markets reflects the fact that storage facilities are struggling to cope with the huge and sudden plunge in global demand, which is this month forecast to hit its lowest since the mid-90s. On Tuesday, the cost to have a barrel of U.S. crude delivered in May was at -$7.40 per barrel.

The severe drop on Monday was driven in part by a technicality of the global oil market. Oil is traded on its future price and May futures contracts are due to expire on Tuesday. Traders were keen to offload those holdings to avoid having to take delivery of the oil and incur storage costs, according to BBC News.

Sources
PUBLISHED: 21/04/2020; STORY: Graphic News
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