MCX offers chance to exit trading if crude oil price slips into negative

Asking members and clients to be extra cautious while dealing in crude oil, the exchange has said trading will be halted if the trading price falls to Re 1

Days after the BSE enabled trading in Brent Oil contracts when the price slips into negative – that is, when the price on the benchmark overseas exchange falls to less than zero – Multi Commodity Exchange (MCX) also created a separate exit window on Thursday to allow exit from trading in such a scenario. Traders will now be able to square off at the minimum of Re 1, before the price turns negative. This, however, only leverages to exit positions and does not mean the final settlement price will be Re 1.
 
On April 21, MCX had to settle