Only May contract has gone negative, June& #39;s still above $20. That could go lower too if vehicular traffic doesn& #39;t pick up in May but I initially assumed the negative prices have become the new normal.

It hasn& #39;t, just oil can& #39;t be stored for long and all storage is full right now https://twitter.com/drdanchoi/status/1252305885256450049">https://twitter.com/drdanchoi...

Once people start moving and storage gets freed up the price will shoot right back up.

This thread on HN is a great overview of what& #39;s going on with negative oil: https://news.ycombinator.com/item?id=22929316">https://news.ycombinator.com/item...