Oil plunges below zero for first time with May contract ending

Re:Oil plunges below zero for first time with May contract e... by ncallaway on Monday April 20, 2020 @04:41PM (#22928279)

> I feel like it should be possible to build a big tank in a week or two.

When is the physical settlement of the contract? My understanding is that physical settlement of the May futures contract is 21 April (that is, tomorrow).

So you don't have a week or two to build your big tank. It needs to be finished tonight.

https://www.cmegroup.com/trading/energy/crude-oil/light-swee...

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Re:Oil plunges below zero for first time with May contract e... by colinmhayes on Monday April 20, 2020 @04:59PM (#22928485)

Looks like first delivery isn't until may 1 according to that page.

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