MACROSCOPE: Monday’s negative WTI crude price is latest mind-boggling impact of pandemic

The coronavirus pandemic has unleashed one shock after another on the global economy, as investors and governments worldwide have struggled with the cascading impacts of one of the biggest health catastrophes in a century. On Monday, we saw another mind-boggling impact of the pandemic, when the contract for May delivery of West Texas Intermediate (WTI) crude oil fell by more than $55 per barrel to settle at negative $37.63 on the NYMEX.  Click to read the full Macroscope here