Question

5 benefits of negative oil pricing to ordinary citizens

Answer 1

Negative Oil Pricing:- Oil is traded in future agreements that specify how much crude the buyer has and when it will be delivered. Negative prices indicate that traders became so crave to get rid of the contract that they would rather pay someone to take it off their hands than try and find a place to put the oil.

Five benefits of negative oil pricing to ordinary citizen:-

1. The gasoline prices, diesel prices and jet fuel prices will become cheaper.

2. The family will save extra money which they were spending on their fuel purchase.

3. The airlines will sell tickets at cheaper price.

4. The domestic goods will become cheaper.

5. The transportation will become low priced.