Update: Futures Traders Are Looking For Spare Oil Tankers

Oil isn’t even worthless

Initial Prediction: WTI crude oil will end May trading above $20.

WTI Crude is currently trading at -$37.63 a barrel, making today the first time oil futures have ever crossed into the negative.

To put this in perspective, it means that traders are paying the folks who underwrote these contracts a mint just so they don’t have to schlep on…