The day oil was worth less than $0 — and nobody wanted it

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Discussion posted by: Arye ben-Shaoul

On Monday, the price for West Texas Intermediate (WTI), the North American benchmark, fell more than $50 to negative $37.63 US. “It’s certainly not something I ever thought I would witness,” said Matt Murphy, a Calgary-based equity research analyst with Tudor, Pickering, Holt & Co.