Sub-Zero Oil Isn’t Snake Oil: A First Ruling on Losses From Crude’s Dip Into Negative Prices
By EsqSocial Corporation 31/12/20
In the wake of the Great Financial Crisis, global financial markets got their first experience of negative interest rates, something classical economists had long thought to be unworkable if not impossible. On April 20, concerns surrounding the effects of the COVID-19 crisis introduced investors to another negative first: crude oil prices....
By: Lowenstein Sandler LLP