In The News
With rates inside out and risks on the road, many owner-operators choose to sit
On Monday, the price for a barrel of crude oil crashed so hard that it tipped past zero and into negative territory for the first time. Per the West Texas Intermediary benchmark, on Monday afternoon a barrel of crude oil in the U.S. cost -37.63.
How can something really “cost” a negative amount? Many were quick to point out the literal concept: You’d be paid to take oil off sellers’ hands....