WTI Crashes in Negative Territory for First Time Ever

On April 20, 2020, in the midst of the Covid-19 pandemic, inventories of crude oil in Cushing OK climbed to over 65 million barrels and drove prices of West Texas Intermediate (WTI) to negative numbers for the first time in history. At the low, WTI prices dropped to nearly $40/barrel below zero.

Click here to see the historic WTI pricing.