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by throw0101d 419 days ago
Somewhat related, from 2020, "The day oil was worth less than $0 — and nobody wanted it":

* https://www.cbc.ca/news/business/oil-negative-price-1.553899...

1 comments

I vaguely remember som enterprising guys decided to buy some sort of storage tanks and then “buying” the oil while they still could, for a quick buck.
Bloomberg story on it:

> Over the span of a few hours one day in April 2020, a guy called Cuddles and eight of his pals from the freewheeling world of London’s commodities markets rode oil’s crash to a $660 million profit. Now regulators are scrutinizing their once-in-a-lifetime trade.

* https://www.youtube.com/watch?v=F7_WXUMFM_w (14m)

* http://archive.is/https://www.bloomberg.com/news/features/20...