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contango spread

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Market Alert! (4.20.2020) ~ Oil drops Negative to -$37.63 down over 200% ~

The May 20 contract expires today for Oil which has caused Oil today to fall and settle at┬ánegative to -$37.63 a barrel down over 200%. The June contract which start Wednesday is around $21 a barrel which is causing a huge contango spread.   ~Updated as fell even more while just posting alert~