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For the first time in history, oil prices went negative. That means oil companies were willing to pay money for someone to buy their oil. Here’s what this means for the oil market.
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Oil COLLAPSE – Companies Are Getting PAID To Buy Oil With Negative Oil Prices
0:25 – For the first time in history, oil prices went negative in America to -37
1:31 – The price of oil is determined by supply and demand
2:57 – What do low oil prices mean
4:25 – Why oil companies would pay companies to take their oil
5:10 – The April 12, 2020 oil agreement between OPEC, Saudi Arabia, and Russia
6:35 – What to expect with negative oil prices
7:10 – Oil companies could go bankrupt
8:47 – How to invest in this oil collapse and capitalize on it
10:42 – The demand for oil tanker companies will likely rise in the short term
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Video host: Jaspreet Singh
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DISCLAIMER CONT’D: I’m just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet’s opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.