Oil spirals below zero in "devastating day" for global industry

Investors are running away from oil futures as fast as they can after, among other things, WTI took a historic dive.

BY JAVIER BLAS & WILL KENNEDY, BLOOMBERG NEWS

The day started like any other gloomy Monday in the oil market’s worst crisis in a generation. It ended with prices falling below zero, thrusting markets into a parallel universe where traders were willing to pay USD 40 a barrel just to get somebody to take crude off their hands.

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