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0 0 0.0121506682867558 0.0121506682867558 0.0117456460105305 0.00486026731470235 0.0121506682867558 -0.00364520048602673
Stock impact report

Oil could soon fall to negative $100 per barrel: Energy analyst [Yahoo! Finance News]

Marathon Petroleum Corporation (MPC) 
Last marathon petroleum corporation earnings: 1/29 06:30 am Check Earnings Report
US:NYSE Investor Relations: ir.marathonpetroleum.com
Oil could soon fall to negative $100 per barrel: Energy analystApril 22, 2020Mizuho Americas Oil & Gas Analyst Paul Sankey joins ’s Seana Smith to explain why he's predicting WTI crude could soon fall to negative $100 per barrel next month.Video TranscriptSEANA SMITH:Now for more on this, I want to bring in Paul Sankey, oil and gas analyst at Mizuho. And Paul, you're the guy to talk to because back in mid-March, you actually called the fact that we were going to see this historic sell-off in the price of oil. And you called for the fact that oil was going to go negative. What are you seeing for the energy market right now?PAUL SANKEY:And in a fit of pique, to say the least, Saudi took its production to an all-time record only for a month, but nevertheless, those barrels take 45 to 60 days to arrive. And we can see this flotilla of tankers that are coming towards the US market, when just as Jeff said, we really can't handle it at all.And the problem in the market today is really one of Show less Read more
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