SME-FX › Forums › Beyond FX (stocks, ETFs, options, futures, indices metals, etc.) › CRUDE oil traded negative!
https://www.forbes.com/sites/jimcollins/2020/04/20/the-us-oil-etf-uso-is-the-culprit-behind-oils-massive-plunge/#6eb4373424e8
This article above explains nicely what happened, why oil was trading BELOW zero, how the ETF USO impacted the market etc.
OIL charts:
Commercial users could easily predict the short squeeze against the DM longies:
None expect it will fall below 0. Impossible but it happen.
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