Western Canadian oil was -$0.15 today, i.e. you can be paid to take oil from the producers!
https://twitter.com/zeroshorts/status/1252108066843054097
n.b. you'll still have to also pay the cost of piping the oil to somewhere that might want it...
https://twitter.com/zeroshorts/status/1252108066843054097
n.b. you'll still have to also pay the cost of piping the oil to somewhere that might want it...
That's right. Negative thirty seven dollars. Today: -54.67, -299.23%.
https://www.marketwatch.com/investing/future/crude%20oil%20-...
(I obviously know percentage changes are not made for this)
But seriously, changing to -$10 to -$20 is a +100% change. It's multiplication, this is how it works. From -$10 to $10 would be a -200% change.
Obviously, only the mainstream news reports finance numbers as a percentage of change. Anybody else is only concerned about ROI.
Also, we don't use int's. We use proper decimal types for currency values.
https://finance.yahoo.com/quote/CL=F?p=CL=F
Look at the red block below the graph, where it should have gone negative.
Is the deal here that someone said to someone with an oil well "brah, I'll pay you X to pick up N barrels of oil on the day that is Y", but the buyer doesn't actually have any place to store it, instead planned to sell the oil to others later? And Y-day is approaching fast and nobody wants the oil, so the middleman has to take a loss by trying to pay someone to pick up the oil, to avoid penalty fees from the oil well company I presume (as they'd have to shut down if they run out of storage I imagine).