Yesterday, the cost of May futures for WTI crude oil showed a record collapse, having fallen in price by almost 300%. Quotes collapsed to negative values ​​- during trading they reached -40 dollars per barrel. Closing took place at - $ 37.63. According to the Dow Jones, such a fall did not occur in the entire history of observations. By now, prices have returned to positive range. A prerequisite for this was a significant decrease in demand for oil, which occurred amid the coronavirus pandemic. how As a result, there was a surplus of oil on the market, which reached such volumes that the available storage facilities are not enough. In these conditions, oil producers even pay buyers in order to so that they take the raw materials from them. Monday's collapse did not affect June WTI futures. The reason is next - traders are not sure that in May they will be able to find free storage facilities due to their rapid filling. Contracts for WTI, unlike Brent, imply mandatory physical deliveries.