Eyes on ETFs after WTI oil plummets through negative barrier

Oil Rig_Fotolia_450x250
By Ross Lancaster
21 Apr 2020

The shock WTI oil price drop this week sent market participants looking to exchange-traded fund (ETF) holding futures that reference the US benchmark, which have to roll their contracts next month.

A lack of US storage capacity has forced futures traders to sell their contracts below zero this week, instead of taking physical delivery on the CME Group’s Nymex WTI Crude May contract, which expired on Tuesday. Futures traders roll their positions every month to keep exposure to the ...

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