Price of oil  

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"On 20 April 2020, due to excessive demand for storage of the large surplus in production, the price for future delivery of US crude in May had become negative, the first time to happen since the New York Mercantile Exchange began trading in 1983."--Sholem Stein

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The price of oil, or the oil price, (generally) refers to the spot price of a barrel of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent ICE, Dubai Crude, OPEC Reference Basket, Tapis Crude, Bonny Light, Urals oil, Isthmus and Western Canadian Select (WCS).

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