CommoditiesFour things to know about the historic oil price plunge
Crude treated like 'garbage' shows turmoil in world's largest commodity market
A crude oil pump jack and flare burning excess gas in Texas. A key U.S. oil price contract turned negative for the first time on Monday. © Reuters
RURIKA IMAHASHI, Nikkei staff writer
April 21, 2020 18:31 JST
Updated on April 22, 2020 12:03 JST
TOKYO -- Even in a world becoming more used to the convulsions of the coronavirus pandemic, the breakdown in oil trading -- turning the price negative for the first time in history on Monday, followed by more turmoil on Tuesday -- has been astonishing.