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What does it mean that crude oil is bad?
The negative value of crude oil is only a futures price, not the delivery price of crude oil. Crude oil futures fell to a negative value, indicating that the cost of storage and transportation is much higher than the production price of crude oil. For example, if the price of crude oil is $20 and the storage and transportation costs are $40, the total cost is $60. But the price of crude oil is only $20, so the futures price will be -40.

Tips:

1. The above instructions are for reference only and do not make any suggestions.

2. All investment in financial derivatives is risky, which requires investors' financial risk management ability and is not suitable for investors without professional financial knowledge. In addition to basic financial knowledge, investors should also control their risk tolerance and not invest blindly.

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