Last month West Texas Intermediate futures were negative for the first time in recorded history, as a severe downside demand shock left producers holding more oil than they could store, forcing them to pay investors as much as $39 a barrel to take the contracts off their hands.
An Oil Bust for the History Books
CoStar Insight: Big Differences Seen in Offices in Major Energy Markets Hit by Collapsing Oil Sector
By Juan Arias, Joseph Biasi, Alexander Levy, Andrew Zola
CoStar Analytics
May 1, 2020 | 8:16 P.M.
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