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crude oil
Puru BhatnagarTop Contributor
Business Analyst, Entrepreneur, Business developer, Marketer
Asked a question 2 years ago

What is the reason behind the drop in crude oil prices in the world ?

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Puru BhatnagarTop Contributor
Business Analyst, Entrepreneur, Business developer, Marketer

Last week, there is fall in the price of crude oil prices fall below zero dollars and has reach to a negative value which means that if someone buy crude oil then the merchant will pay the amount to the customer.

This will be the first time happening to the crude oil ever, but it is to be notice that only the crude oil that is producing in USA has suffered from such a loss.

The main reason which everyone is saying is the fall in demand and less storing capacity, which made companies to reduce the price to such a low value.