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MCX creates history of sorts, settles April crude oil contract in negative

Chances of huge defaults by investors, many of whom are retail traders gone long; On Nymex, there were actual trades in minus in which sellers were actually paying buyers to lift stocks

Topics
Lockdown | MCX | Coronavirus

Rajesh Bhayani  |  Mumbai 



oil, prices, crude
Brent oil also fell in the international market today, shedding 16 per cent to trade at $21.43.

Toeing a 300 per cent fall in WTI crude oil, which plunged to -$37.63 a barrel on the New York Mercantile Index (Nymex) on Monday, the Multi Commodity Index (MCX) on Tuesday settled April expiry at -Rs 2,884 per barrel. It was for the first time that the price of the commodity settled in negative territory in India.

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First Published: Tue, April 21 2020. 21:25 IST

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