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No, your monitor is not malfunctioning.
Oil prices CLK20, -285.49% made history on Monday, finishing in negative territory and implying that investors will need to pay buyers to take a barrel of crude. That’s what happens when the world shuts down in the face of a pandemic and oil companies are left to store surplus supply in rented tankers.
“It’s like trying to explain something that is unprecedented and seemingly unreal!” wrote Louise Dickson, oil markets analyst Louise at Rystad Energy, in emailed comments.
Longtime commodities trader Peter Brandt tried to put the move in perspective:
As did other notable voices on Finance Twitter:
Then there were those with an agenda:
For the most part, confusion reigned across social media:
It’s not really a laughing matter, according to The Blaze’s Jessica Fletcher:
But, of course, the jokes were flying anyway:
And it didn’t take long for the buzz to turn political:
