When Oil Goes Negative

21/04/2020 13 min Episodio 90

Listen "When Oil Goes Negative"

Episode Synopsis

Something happened in the stock market that has never happened before and that is the price of oil crashing and going below zero into negative territory. Everyone was immediately excited by this thinking, "I can get paid to buy oil", or "gas at the pump is going to be free". All of these fallacies couldn't be further from the truth. In this podcast I detail what oil contracts are, why, negative oil prices only lasted for a day, and why you take on infinite downside risk when you start buying oil thinking you might get paid for doing so.

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*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.