# Oil markets have a timing problem

> WTI's May futures contract plunged to negative $40 a barrel on April 20 as storage ran out. Front-month contracts later settled at $13.78 for WTI and $20.37 for Brent on April 22.

- Date: 2020-04-25 · published 2020-04-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/53842-oil-markets-have-a-timing-problem
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Storage constraints and rising inventories mean the price pressure on crude may persist, weakening energy-linked input costs and biofuel demand. Continued weakness in fuel markets can spill into corn and vegetable oil prices through ethanol and biodiesel margins.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- economist.com: https://www.economist.com/finance-and-economics/2020/04/25/oil-markets-have-a-timing-problem

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