1, the negative value of oil is storage, and the cost of transportation is much higher than the production price of crude oil. Only the futures price, not the delivery price of crude oil. \x0d\2。 For example, the price of crude oil is $20. The cost of storage and transportation is 40 dollars. Then the total cost is 60 dollars. But the price of crude oil is only $20, so the futures price will be -40. \x0d\3。 Oil is a liquid, easy to store, but not easy to transport. Moreover, oil has a wide range of uses, which can be used as fuel and chemical products. \x0d\4。 Oil is the most important raw material in modern industrial society. Most vehicles are driven by oil. In addition, oil is also used for power generation, which is also an important raw material for the chemical industry. Therefore, it is also called "black gold". What does \x0d\ negative oil mean? Go to:/ask/229d301615827352.html? Zd view more content