Слайд 2What happened?
The first-ever zero oil trade happened at 2:08 p.m. on Monday,
![What happened? The first-ever zero oil trade happened at 2:08 p.m. on Monday, April 20](/_ipx/f_webp&q_80&fit_contain&s_1440x1080/imagesDir/jpg/1166178/slide-1.jpg)
April 20
Слайд 3Why it happened?
Traders reached their last day to trade oil for delivery
![Why it happened? Traders reached their last day to trade oil for](/_ipx/f_webp&q_80&fit_contain&s_1440x1080/imagesDir/jpg/1166178/slide-2.jpg)
in May before their the contracts expire
The lack of demand explains as a result of coronavirus outbreak
Oil price war between Saudi Arabia and Russia
Слайд 4The consequences
Cheaper gasoline prices at the pump
The increase of traders who are
![The consequences Cheaper gasoline prices at the pump The increase of traders](/_ipx/f_webp&q_80&fit_contain&s_1440x1080/imagesDir/jpg/1166178/slide-3.jpg)
interested in buying oil low and reselling it later
Probable blow of favour to Donald Trump who took credit for brokering a historic deal between the Opec oil cartel and the world’s largest oil producing nations to limit the flood of oil production into the market
Слайд 5Data Sourses:
https://www.institutionalinvestor.com/article/b1lhy2h328jhpt/Inside-the-Biggest-Oil-Meltdown-in-History
https://www.marketwatch.com/story/why-the-oil-market-just-crashed-below-0-a-barrel-4-things-investors-need-to-know-2020-04-20
https://www.theguardian.com/world/2020/apr/20/oil-prices-sink-to-20-year-low-as-un-sounds-alarm-on-to-covid-19-relief-fund
![Data Sourses: https://www.institutionalinvestor.com/article/b1lhy2h328jhpt/Inside-the-Biggest-Oil-Meltdown-in-History https://www.marketwatch.com/story/why-the-oil-market-just-crashed-below-0-a-barrel-4-things-investors-need-to-know-2020-04-20 https://www.theguardian.com/world/2020/apr/20/oil-prices-sink-to-20-year-low-as-un-sounds-alarm-on-to-covid-19-relief-fund](/_ipx/f_webp&q_80&fit_contain&s_1440x1080/imagesDir/jpg/1166178/slide-4.jpg)