/biz/ - Business & Finance

>My 401k says it's up 62% on the year and it's almost time for dividends

>In an obscure corner of the American physical oil market, crude prices have turned negative -- producers are actually paying consumers to take away the black stuff.
>The first crude stream to turn upside down was Wyoming Asphalt Sour, a dense oil used mostly to produce paving bitumen. Mercuria Energy Group Ltd., a trading house, bid negative 19 cents per barrel in mid-March for the crude, effectively asking producers to pay for the luxury of getting rid of their output.
>“These are landlocked crude with just no buyers,” said Elisabeth Murphy, an analyst at consultant ESAI Energy. “In areas where storage is filling up quickly, prices could go negative. Shut-ins are likely to happen by then.”
https://www.bloomberg.com/news/articles/2020-03-27/one-corner-of-u-s-oil-market-has-already-seen-negative-prices

Literally FREE oil

I wonder if blockmason can compete with it. Invested in both.