Oil prices go negative for the first time in history | Crude Oil Prices 2000-2020

#offtopic #oilprices #coronavirus In April 2020, for the first time in history, crude oil prices fell to a negative level, as demand has dried up due to the crisis with coronavirus. Urals oil is a reference oil brand used as a basis for pricing of the Russian export oil mixture. West Texas intermediate (WTI), also known as Texas light sweet, is a grade of crude oil used as a benchmark in oil pricing. Brent Crude is a trading classification of sweet light crude oil that serves as one of the two main benchma