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So the front month of Crude closed at -37.63/brl. Yes. That is NEGATIVE. To my knowledge commodities haven’t went negative.
My buddy is the CEO at the coop and his broker is pretty connected. (I’m assuming it came from his broker) said that it was an ETF that held all the contracts that got slaughtered. I’m sure now is normally a perfectly acceptable time to get out of the front month unless it’s May 2020 contract.
Just one of many reasons not to I Evers anything in ETF of commodity markets.
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