What negative oil prices really mean.

This week’s top headlines were dominated by the never before seen black swan event, oil prices going negative. The huge drop in prices is a direct result of the prolonged stay-at-home order due to the COVID-19 outbreak, and the oil price war between Saudi Arabia and Russia. 

On this week’s episode of Maconomics, the financial literate entertainer Ross Mac analyzes this situation and provides listeners with an explanation. Topics include:

• A clear cut meaning of “Oil going negative”
• The law of supply and demand as it pertains to oil
• Oil oversupply due to the price war
• Oil demand

Check the full episode below:

If you have any questions you’d like to see answered on Maconomics, comment below or send a message. Thanks!

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