The price of a barrel of crude oil dipped below zero.

This is the first time in history oil turned negative. On this day, producers were out of space for their supplies, with many giving it away. Before the dip, one barrel of oil was at $18, and the next day the same barrel was worth -$38 on the open markets. With so many people staying home because of COVID-19, oil demand plummeted, and oil futures sunk because more was produced than could be stored.

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