New york crude oil futures price fell into negative value! Affected by the serious oversupply in the US oil market, the contract is about to expire and Texas will decide whether to cut production, new york crude oil futures prices opened lower in early trading on the 20th, continued to fall in intraday trading, and accelerated their decline in late trading, closing at -37.63 USD per barrel, with a drop of more than 300%. The oil price fell into negative value, which has never happened since the New York Mercantile Exchange 1983 opened the light crude oil futures trading.