# Why US oil prices crashed and how it will affect you | Fossil Fuels | Al Jazeera

> US crude prices turned negative on April 20, dropping as low as -$40.32 a barrel before settling in the negative thirties. The explainer attributes the crash to oversupply, with storage on land and at sea nearly exhausted, and traders dumping expiring May contracts.

- Date: 2020-04-21 · published 2020-04-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/53812-why-us-oil-prices-crashed-and-how-it-will-affect-you-fossil-fuels-al-jazeera
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The episode shows oil market storage limits driving price dislocation, which can pressure energy-linked costs and weigh on the broader commodity complex.

## Read by commodity

- WTI: bearish ▼

## Sources

- aljazeera.com: https://www.aljazeera.com/economy/2020/4/21/why-us-oil-prices-crashed-and-how-it-will-affect-you

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