The barrel of oil quoted in New York fell below zero dollars on Monday. This is the lowest level ever recorded, while the market is suffering greatly from the coronavirus crisis.

At the end of a hellish session, a barrel of oil quoted in New York for the shipping in May ended Monday, for the first time, below zero dollars. Investors and speculators were therefore ready to pay to get rid of it, due to lack of storage.

This contract expiring Tuesday at the close, those who hold it must find physical buyers as soon as possible. But as stocks have already risen enormously in the United States in recent weeks, they have been forced to pay people to find takers. The barrel of WTI finished at -37.63 dollars.

>> More information to follow