# Historic WTI contract collapse pushes some buyers, sellers to explore fixed pricing | S&P Global

> Crude producers, refiners and traders in the US may move to fixed-price contracts after the May NYMEX WTI contract collapsed to minus $37.63/b on April 20. The collapse was attributed to expiry dynamics, a storage squeeze and weak refinery demand. Settlement then rebounded to $10.01/b.

- Date: 2020-04-29 · published 2020-04-29T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/4148-historic-wti-contract-collapse-pushes-some-buyers-sellers-to-explore-fixed
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Extreme volatility and possible shifts to fixed pricing change how crude is priced and hedged, which adds uncertainty to energy costs. The direct effect on feed-grain prices is limited.

## Read by commodity

- WTI: neutral

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/blog/crude-oil/042920-historic-wti-contract-collapse-pushes-some-buyers-sellers-to-explore-fixed-pricing

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.