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  1. R

    U.S. crude futures suffered a historic selloff on Monday as WTI turned negative for the first time ever

    @breaf123 Because India is the second largest importer of oil in the world and the oil market in India is strictly regulated. We do not have enough Oil reserves inside our sovereign borders. India has Crude oil traded on MCX but I'm not sure which variety it is. Brent, WTI, Arab light, Russian...
  2. R

    U.S. crude futures suffered a historic selloff on Monday as WTI turned negative for the first time ever

    @farmert You cannot trade on WTI futures from India Tomorrow's price would be based on June Contracts which is currently trading at $22 / barrell Simple explanation is here https://seekingalpha.com/article/4338551-why-wti-crude-is-crashing-much-today Benefit for Indian Govt is that Crude...
  3. R

    U.S. crude futures suffered a historic selloff on Monday as WTI turned negative for the first time ever

    @farmert It settled at -37$ today. So no more on those prices Basically seller will pay the buyer -37$ to buy the stockpile and get it off his storage..Which usually means massive shipping tankers
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