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What about commodities then, like oil? It was not too long ago that the price for a barrel of oil was negative $40.
by MicropenisMike 3y ago
What about commodities then, like oil?
It was not too long ago that the price for a barrel of oil was negative $40.
- pid-1 3y agoOil is a regular good that is priced according to supply and demand expectations. Goods can have negative prices due sharp drops in demand (a lot of X was produced, but no one wants to buy x and you are paying to store it).