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April 20, 2020Wall Street drops as oil traders cannot give away U.S. crude
April 20, 2020Traders play ‘hot potato’ with U.S. oil contract as it crashes to $1 a barrel
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Energy traders bailed out of the expiring May U.S. oil futures contract in a frenzy on Monday, sending the contract to a record of almost $1 a barrel, as few buyers are willing to take delivery of actual physical barrels of oil because there is no place to put the crude.
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