The MacroTourist

The MacroTourist

Share this post

The MacroTourist
The MacroTourist
SUPER CONTANGO CATASTROPHE
Copy link
Facebook
Email
Notes
More

SUPER CONTANGO CATASTROPHE

Crude oil's historic run into negative pricing

Kevin Muir's avatar
Kevin Muir
Apr 21, 2020
∙ Paid
41

Share this post

The MacroTourist
The MacroTourist
SUPER CONTANGO CATASTROPHE
Copy link
Facebook
Email
Notes
More
51
Share

My plan was to write about oil, so over the weekend I sketched out my post and figured I could polish it off during my lunch hour with some up-to-date charts.

Then it happened…

Shortly after 1pm, the May 2020 WTI crude oil futures contract went into an unprecedented free fall that took prices to the previously unheard price of negative $36! Yup. You r…

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Kevin Muir
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More