Energy: Oil Goes Negative For The First Time Ever
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 23 April 2020
⏱️ 38 minutes
🧾️ Download transcript
Summary
On Monday, West Texas Intermediate crude oil prices for May delivery fell from almost $18 a barrel to NEGATIVE $37. What caused it and what does it mean for the oil market? Motley Fool Contributor Jason Hall joins the show to break it all down.
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Transcript
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| 0:00.0 | Welcome to Industry Focus. The podcast that dives into a different sector of the stock market each day. |
| 0:11.5 | I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Saiple. I'm Dylan Lewis. And today we're talking financials. Today we're talking consumer goods. |
| 0:20.0 | Wild-C |
| 0:18.0 | Wednesday. And we're talking energy. And today we're talking tech. Let's dive in. |
| 0:25.0 | Welcome to Industry Focus. I'm Nick Saipel. It's Thursday, April 23rd, and we are talking energy. |
| 0:34.4 | Jason Hall is my guest today. |
| 0:35.5 | Jason, what's going on? |
| 0:37.7 | Pandemmonium, my friend. |
| 0:39.4 | Pandemmonium. |
| 0:41.1 | It seems like every week on this show we're talking about something that either hasn't |
| 0:44.7 | happened before or hasn't happened since you know my grandfather was a little kid. |
| 0:49.2 | I think we have another one of those this week with oil going negative on Monday for the first time ever. |
| 0:54.0 | Well, and not to leave the baby boomers out. Gasoline consumption just hit Vietnam |
| 1:01.0 | war era levels in the US. |
| 1:05.0 | Yeah, so wild, wild things going on in the energy market. |
| 1:08.0 | We're going to be talking about all that stuff today. |
| 1:10.0 | First off, just to lead the show off and kind of level set us. |
| 1:13.7 | Tom Jones writes in from Davis, California and asks, hi folks, I love the show. |
| 1:17.8 | Will you explain how the USO E.T.F. is affected by the price of crude oil futures. |
| 1:22.1 | May oil futures traded below zero on Monday |
| 1:25.0 | while USO hit new lows. |
| 1:27.2 | How should one thinking about investing in USO? |
... |
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