Q: What do you say when the market offers you free oil? A: No Tanks! 🙂 April 20, 2020 has made a name for itself in history as on this day, WTI prices for May delivery went below zero and settled at -$37.63/bbl. June contracts are trading (April 21, 2020) at $11.16/bbl (Thank God!). Who would’ve thought we would be happy to see oil prices in low teens? What caused the massively unprecedented event that made all the headlines? The expiry of the May futures was on April 21, and some traders held on to long positions (contracts to buy crude) too long and found themselves with no one to…