Timeline for Could I make money off of the negative oil price?
Current License: CC BY-SA 4.0
5 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Apr 24, 2020 at 13:21 | comment | added | Erwin Bolwidt | @SomeoneSomewhereSupportsMonica exactly. Money can't have a negative price, borrowing money can have a negative price. | |
| Apr 24, 2020 at 1:17 | comment | added | SomeoneSomewhereSupportsMonica | @HagenvonEitzen How does money get a negative price? | |
| Apr 21, 2020 at 18:04 | comment | added | Hagen von Eitzen | @7529 But negative prices are not that uncommon (though not in the case of our usually beloved oil). For example, money nowadays can have a negative price. Or just think about a property that would be worth 1000$ if there were no toxic chemicals buried in the ground that take 2000$ to get rid of. - Dunno why a broker doesn't know how to handle the situation. (Then again, I recall all those software updates that were suddenly needed the first time interest rates became negative) | |
| Apr 21, 2020 at 13:40 | comment | added | 7529 | If you're lucky enough to have a broker that can handle negative prices. My broker forced everyone to close their oil futures positions yesterday before it went into negative territory. They had no idea what would happen in that unprecedented situation. Their trading platform doesn't even support entering negative prices for orders. | |
| Apr 20, 2020 at 20:08 | history | answered | D Stanley | CC BY-SA 4.0 |