Washington | They're running out of space in Cushing, Oklahoma, one of the world's biggest crude oil storage hubs - sending the benchmark West Texas Intermediate contract for May delivery below zero for the first time in history.
In less than half an hour of trading early on Tuesday (AEST), traders crashed the May WTI to an unprecedented minus $US37.63 a barrel.
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Jacob Greber writes about politics, economics and business from Canberra. He has been a Washington correspondent and economics correspondent. Connect with Jacob on Twitter. Email Jacob at jgreber@afr.com
