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home / news releases / YGRN - When Finance Breaks: Negative Oil Prices


YGRN - When Finance Breaks: Negative Oil Prices

It finally happened.

On Monday, we saw negative oil prices. The price of West Texas intermediate crude oil dipped below zero and not by a trivial amount. The price of the front month contract fell below negative $40 per barrel.

In movement that should be mathematically impossible, the price fell by 300% in a day. Stop and let that sink in for a moment. Oil producers at these prices are having to pay people to haul the stuff away.

Negative oil prices can’t persist forever, of course. To paraphrase the old joke, oil producers can’t

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Stock Information

Company Name: Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
Stock Symbol: YGRN
Market: NYSE

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