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![Fuel storage tanks stand at a PT Pertamina facility in this aerial photograph taken above Tanjung Priok Port in Jakarta, Indonesia on Tuesday, April 21, 2020. Bloomberg](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/LLYIYBEVTIMLKFZA7T7AZRDTNI.jpg?smart=true&auth=544180317d0203e073f1380420ebf40e280551b38b43f709e5348551ad6e1162&width=400&height=225)
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![An offshore platform near the Huntington Beach Oil Fields on April 20, 2020 in Huntington Beach, California. Getty Images/AFP](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/O576FW3U6QGMOKS2CAHJCHYIVQ.jpg?smart=true&auth=929e37363194abab9b643d96b1802c7a73679387b13ad35add6fc263f94acd25&width=400&height=225)
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![Fuel storage tanks stand at a PT Pertamina facility in this aerial photograph taken above Tanjung Priok Port in Jakarta, Indonesia on Tuesday, April 21, 2020. Bloomberg](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/LLYIYBEVTIMLKFZA7T7AZRDTNI.jpg?smart=true&auth=544180317d0203e073f1380420ebf40e280551b38b43f709e5348551ad6e1162&width=400&height=225)
![A woman wearing face mask walks past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, April 21, 2020. Asian shares skidded on Tuesday after US oil futures plunged below zero. AP Photo](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/PD746CCYOLIN2KDQDAOEPW3NFI.jpg?smart=true&auth=2a072b42018266d354b14712b125e8995a8ab991693cd1b8c1078fba574543fd&width=400&height=225)
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![Shell station employee J.W. West fills up a customers tank with gasoline in Mobile, Alabama, USA, 20 April 2020. EPA](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/OU56E2MZZJMW3PYHSEWBIDLS4Q.jpg?smart=true&auth=54fbfd402daa44ddd0b53f5f53f262bfebfce1866b8cb5a1ca07a24ff2619d23&width=400&height=225)
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![The sun sets behind smoke rising from the LyondellBasell-Houston Refining plant in Houston, Texas, on April 20, 2020. AFP](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/EPYHY4BBQZGSA5THGBCWO24EEE.jpg?smart=true&auth=07f50b9361ba2ec6d4574961592ad22108cc3286d7fdc598e5d359eeea9c6b86&width=400&height=225)
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![An offshore platform near the Huntington Beach Oil Fields on April 20, 2020 in Huntington Beach, California. Getty Images/AFP](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/O576FW3U6QGMOKS2CAHJCHYIVQ.jpg?smart=true&auth=929e37363194abab9b643d96b1802c7a73679387b13ad35add6fc263f94acd25&width=400&height=225)
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What are negative oil prices and what is their impact on markets?
US oil prices plunged to a record low of minus $37.61 on April 20, three weeks after 'The National' reported the slide was a possibility
![Jennifer Gnana](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/https%3A%2F%2Fs3.amazonaws.com%2Farc-authors%2Fthenational%2F7abde866-783e-4444-a76c-227a1868779a.png?smart=true&auth=e54b8cf35ae056eb073abcbbf7b6f44649bc84c50d1cb032107411b84f562e44&width=70&height=70)
Jennifer Gnana
April 21, 2020
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