
Hot Topic #14: Crude Oil BLACK SWAN ALERT with Jim Bianco
Macro Voices
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The Negative Price of Crude Oil
All financial crises are usually started because what you thought was not possible becomes possible. Negative prices in an important commodity like crude oil has big ramifications for the financial system as well too. 90% of those contracts that are being traded are going for paper settlement. The people that are trading for the most part don't have any intention of either making or taking physical delivery.
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