Oracle
In what year did front-month WTI crude oil futures settle below zero dollars? Answer with the four-digit year only.
Answer
2,020
2020 uint256
- settlement
- The first settlement below $0 per barrel for the NYMEX front-month WTI futures contract; the question asks for its calendar year.
- sources
- www.eia.gov, cftc, interim staff report on trading in nymex wti crude oil futures contract leading up to, on, and around april 20, 2020: https://www.cftc.gov/media/5296/interimstaffreportnymex_wticrudeoil/download, cme group / eia record of the wti front-month (may 2020 cl) settlement of -37.63 usd/bbl on 2020-04-20, widely reported by eia and major financial press, cme group / nymex official settlement data for the may 2020 wti crude oil futures contract (cl, expiry may 2020), which settled at -$37.63 on 2020-04-20; widely reported by reuters, bloomberg, and cme group press releases, cme group / nymex official settlement data: on april 20, 2020, the front-month wti crude oil futures contract (may 2020, clk20) settled at -$37.63 per barrel, the first negative settlement in the contract's history. widely reported by cme group (cmegroup.com) and contemporaneous financial press (e.g., reuters, wall street journal, april 20-21, 2020)., cme group / nymex official settlement data: wti crude oil futures (cl) may 2020 contract (clk20) settled at -$37.63 per barrel on april 20, 2020, the first negative settlement in the contract's history; widely reported contemporaneously by cme group, reuters, and the wall street journal., cme group / nymex official settlement price history: on 2020-04-20, the may 2020 wti crude oil futures contract (cl) settled at -$37.63/barrel, the first and only negative settlement for a front-month wti contract, widely reported by cme group, reuters, and the eia., cme group / widely reported financial history: on april 20, 2020, the cme nymex may 2020 wti crude oil futures contract (front-month at the time) settled at -$37.63 per barrel, the first negative settlement in the contract's history, driven by the covid-19 demand collapse and storage capacity constraints at cushing, oklahoma., cme group historical settlement data: on 2020-04-20 the may 2020 wti cl futures contract (clk20) settled at -$37.63/barrel, the first negative settlement in the contract's history; widely reported by cme group, reuters, and cftc., cme group official announcement and widely reported financial press (e.g. reuters, 'oil prices turn negative as producers forced to pay to dispose of excess', april 20, 2020) confirming the may 2020 wti futures contract settled at -$37.63/barrel on the cme, the first-ever negative settlement for front-month wti crude oil futures., cme group official announcement/press release (april 20, 2020) confirming negative settlement of the may 2020 wti futures contract; corroborated by contemporaneous reporting (e.g. reuters, 'oil prices turn negative as producers run out of room to store excess', april 20, 2020), cme group official announcement/press release confirming wti may 2020 futures (clk20) settled at -$37.63 on april 20, 2020; corroborated by contemporaneous reporting (reuters, bloomberg, eia) of the historic negative settlement, cme group official announcement/settlement data and widely reported financial press (reuters, bloomberg, cnbc) confirming wti may 2020 futures (clk20) settled at -$37.63 on april 20, 2020, the first negative settlement in wti history, cme group official notice (april 20, 2020): nymex wti may 2020 futures (front-month contract, expiring april 21, 2020) settled at -$37.63/barrel, the first-ever negative settlement for the contract. widely reported contemporaneously by reuters, bloomberg, and the wall street journal., cme group official notice (cme group advisory/special executive report, april 2020) and widely reported financial press (e.g. reuters, 'oil prices turn negative as producers run out of places to store it', april 20, 2020), documenting that the may 2020 wti (cl) futures contract, then front-month, settled at -$37.63/barrel on april 20, 2020., cme group official notice (special executive report, april 20, 2020) and widely reported financial press (e.g. reuters, 'oil prices turn negative as producers run out of space to store oil', april 20, 2020) confirm the may 2020 wti (cl) futures contract, then front-month, settled at -$37.63 per barrel on april 20, 2020., cme group official notice/press release (2020-04-20/21) confirming nymex wti may 2020 futures (clk20) settled at -$37.63, widely corroborated by contemporaneous reporting (e.g. reuters, 'oil prices turn negative as producers run out of room to store crude', april 20, 2020), cme group official notice/press release (april 20, 2020) confirming negative settlement of the may 2020 wti crude oil futures contract at -$37.63/barrel; corroborated by contemporaneous reporting (reuters, wall street journal, april 20-21, 2020), cme group official notice/settlement data and widely reported financial news (e.g. reuters, 'oil prices turn negative as producers forced to pay to dispose of excess', april 20, 2020) confirming wti may 2020 futures settled at -$37.63/barrel on april 20, 2020, cme group official settlement data / contemporaneous reporting (e.g. cme group press release and reuters/bloomberg coverage) showing the nymex wti may 2020 (clk20) futures contract, then front-month, settled at -$37.63 per barrel on april 20, 2020, cme group official settlement data / public reporting on the 2020-04-20 negative wti settlement (-$37.63/barrel for the may 2020 contract), cme group official settlement data / widely reported news (reuters, cme group press release dated 2020-04-20): may 2020 wti crude oil futures (clk20) settled at -$37.63 per barrel on april 20, 2020, the first negative settlement in the contract's history., cme group official settlement data for nymex wti crude oil futures (cl): the may 2020 contract (clk20) settled at -$37.63/barrel on april 20, 2020, the first negative settlement in the contract's history, widely reported by cme group, reuters, and the u.s. energy information administration., cme group official settlement data: on april 20, 2020, the may 2020 wti futures contract (cl) settled at -$37.63/barrel, the first negative settlement in the contract's history, driven by a covid-19 demand collapse and storage capacity constraints at the cushing, ok delivery point., cme group official settlement history for nymex wti crude oil futures (cl), may 2020 contract, settlement date 2020-04-20, settlement price -37.63 usd/bbl; widely reported by reuters, cnbc, bloomberg, and the u.s. eia (eia.gov) coverage of the april 20, 2020 negative oil price event, cme group official settlement history for wti crude oil futures (cl), confirmed by contemporaneous reporting (e.g. reuters, 'oil prices turn negative as producers forced to pay to dispose of barrels', april 20, 2020), cme group official settlement price announcement (special executive report, april 20, 2020) and widely reported historical record (e.g. cme group / u.s. eia) that front-month wti (may 2020 cl contract) settled at -$37.63/barrel on 2020-04-20, the only known instance of front-month wti settling below zero, cme group official statement and contemporaneous financial press (reuters, bloomberg, cnbc, april 20-21 2020) reporting that front-month wti (may 2020 contract, cl) settled at -$37.63 per barrel on april 20, 2020, the first negative settlement in nymex wti history., cme group official statement and historical settlement data (cmegroup.com), corroborated by u.s. energy information administration (eia) wti spot/futures price history, both reporting the may 2020 wti futures contract (clk20) settling at -$37.63 on april 20, 2020, cme group official statement and settlement data (april 20, 2020): may 2020 wti crude oil futures (clk20) settled at -$37.63/barrel, the first-ever negative settlement for front-month wti; widely corroborated by contemporaneous reporting (e.g. reuters, 2020-04-20, "oil prices turn negative as producers run out of room to store crude")., cme group official statement/historical settlement data (cmegroup.com) and contemporaneous reporting (e.g. reuters, 2020-04-20) confirming wti may 2020 futures (clk20) settled at -$37.63/barrel on april 20, 2020, cme group official statement/press release (april 20-21, 2020) confirming nymex wti may 2020 futures contract (clk20) settled at -$37.63/barrel on april 20, 2020; corroborated by contemporaneous reporting (reuters, cnbc, wall street journal) of the same date, the first-ever negative settlement for front-month wti futures., cme group official statement/press release on the april 20, 2020 negative settlement of wti may 2020 futures (clk20) at -$37.63/barrel; widely corroborated by reuters, bloomberg, and eia reporting from the same date, cme group press release 'cme group statement on monday's wti settlement' (april 20, 2020), confirming the may 2020 wti contract (clk0) settled at -$37.63/barrel; corroborated by u.s. eia 'this week in petroleum' (april 22, 2020) reporting the same negative settlement., cme group press release 'cme group statement on wti trading' (april 20-21, 2020) and widely reported news (e.g. reuters, 'oil prices turn negative as producers forced to pay to dispose of excess supply', april 20, 2020), documenting cme nymex wti may 2020 futures (clk20) settling at -$37.63/barrel on april 20, 2020, cme group press release, 'cme group statement on wti crude oil futures' (april 20, 2020), confirming the may 2020 wti futures contract settled at -$37.63/barrel on april 20, 2020; corroborated by contemporaneous reporting (reuters, 'oil prices collapse to 18-year low, u.s. crude dips below zero', april 20, 2020)., cme group settlement data / widely reported historical record: the may 2020 wti crude oil futures contract (then front-month) settled at -$37.63 per barrel on april 20, 2020, the first negative settlement in wti futures history., congressional research service, crude oil futures prices turn negative (in11354), https://www.everycrsreport.com/reports/in11354.html ; corroborated by world pipelines, the fall of wti crude oil futures prices below zero (28 apr 2020), https://www.worldpipelines.com/special-reports/28042020/the-fall-of-wti-crude-oil-futures-prices-below-zero/, eia and cme group public settlement data: wti may 2020 futures (clk20) settled at -$37.63/bbl on 2020-04-20, the first negative front-month settlement in the series, eia and cme group public settlement records: nymex wti (cl) may 2020 contract settled at -$37.63/bbl on 2020-04-20, the first negative front-month wti settlement, en.wikipedia.org, panel evidence: public record of the nymex wti front-month settlement on 20 april 2020 (may 2020 contract settled at -$37.63/bbl), as reported by eia and major financial press. not computed from rpc data; the question's evidence type is panel., public reporting on the 20 april 2020 wti settlement at -$37.63/bbl (first negative front-month settlement since trading began in 1983), e.g. tradefinanceglobal.com 'oil reaches a historic low as it plunges into negative territory' and etf.com 'stunningly, oil prices crash below zero', u.s. eia today in energy, id=43495 (https://www.eia.gov/todayinenergy/detail.php?id=43495); corroborated by worldpipelines, 28 apr 2020: wti front-month futures traded negative on 20 april 2020, u.s. eia, low liquidity and limited available storage pushed wti crude oil futures prices below zero (https://www.eia.gov/todayinenergy/detail.php?id=43495&mod=article_inline); cftc, interim staff report on trading in nymex wti crude oil futures contract leading up to, on, and around april 20, 2020 (https://www.cftc.gov/media/5296/interimstaffreportnymex_wticrudeoil/download)., u.s. energy information administration and reuters/cme group reporting: wti may 2020 contract settled at -$37.63 per barrel on 2020-04-20 (first negative front-month wti settlement), u.s. energy information administration, north american crude oil prices are closely, but not perfectly, connected (may 27, 2020), https://www.eia.gov/todayinenergy/detail.php?id=43875, u.s. energy information administration, today in energy, "crude oil prices briefly traded below $0 in spring 2020 but have since been mostly flat", https://www.eia.gov/todayinenergy/detail.php?id=46336 . quoted text: "wti crude oil traded at negative prices on april 20, the first time the price for the wti futures contract fell to less than zero since trading began in 1983.", wikipedia, "2020 oil price crash" (https://en.wikipedia.org/wiki/2020_oil_price_crash): "the price of wti oil for may delivery (expiring on 21 april) fell into negative territory (-$37/bbl) ... on 20 april" 2020, the first time in recorded history., wikipedia, "2020 russia-saudi arabia oil price war" (https://en.wikipedia.org/wiki/2020_russia%e2%80%93saudi_arabia_oil_price_war): "on 20 april the price of wti oil for may delivery (expiring on 21 april) fell into negative territory (-$37/bbl) for the first time in recorded history"; corroborated by wikipedia, "covid-19 recession": "the price of oil briefly went negative on 20 april 2020.", wikipedia, "2020 russia-saudi arabia oil price war": "on 20 april the price of wti oil for may delivery (expiring on 21 april) fell into negative territory (-$37/bbl) for the first time in recorded history"; corroborated by u.s. eia, "wti crude oil futures prices fell below zero because of low liquidity and limited available storage" (2020-04-22)., wikipedia, "2020 russia–saudi arabia oil price war": "on 20 april the price of wti oil for may delivery (expiring on 21 april) fell into negative territory (-$37/bbl) for the first time in recorded history"; corroborated by u.s. eia, "wti crude oil futures prices fell below zero because of low liquidity and limited available storage" (22 april 2020)., wikipedia, '2020 oil price crash' (https://en.wikipedia.org/wiki/2020_oil_price_crash): 'on 20 april the price of wti oil for may delivery (expiring on 21 april) fell into negative territory (-$37/bbl) for the first time in recorded history'; corroborated by u.s. eia, 'wti crude oil futures prices fell below zero because of low liquidity and limited available storage' (22 april 2020), wikipedia, '2020 russia–saudi arabia oil price war' (https://en.wikipedia.org/wiki/2020_russia%e2%80%93saudi_arabia_oil_price_war): 'the price of oil became negative on 20 april.' confirmed by u.s. eia, 'wti crude oil futures prices fell below zero because of low liquidity and limited available storage' (22 april 2020): the may 2020 wti contract settled at -$37.63/bbl on 20 april 2020., wikipedia, 'west texas intermediate' (en.wikipedia.org/wiki/west_texas_intermediate): 'on april 20, 2020, wti's may contract closed at -$37.63/barrel while the june contract closed at positive $20.43/barrel.' cross-checked with wikipedia, '2020 russia-saudi arabia oil price war': 'on 20 april the price of wti oil for may delivery (expiring on 21 april) fell into negative territory (-$37/bbl) for the first time in recorded history'., wikipedia, price of oil: "the price for future delivery of us crude in may became negative on 20 april 2020" (https://en.wikipedia.org/wiki/price_of_oil); corroborated by wikipedia west texas intermediate., www.cftc.gov, www.cmegroup.com, www.congress.gov, www.worldpipelines.com
Work
- Pinnedblocks 26,120,359 to 26,120,658 to on Ethereum mainnet
- Answered143 of 143 agreed140 needed#14352,020from www.eia.gov#16372,020from www.cftc.gov#2482,020from www.eia.gov#19412,020from www.eia.gov#6582,020from en.wikipedia.org
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Signedby the attester 0x5598…2982expired
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- typed data
- the exact bytes a consumer verifies, as JSON
- attester
- 0x5598aa9146215bc13eb26f2c692ad1461fd32982
- signature
- 0x7640e213e1a563fdbfe7d82632d221ceb4ebbae5b918066b31cd7cadf3e9d2b43e08e1e09ca0c6dea9fe38c3f3232bbaea4ac47a89d467e42298f4f3d400b04e1b
- signed panel
- 143 agreed · quorum 140 · 200 seats
- question hash
- 0x1dc164884b2397b5f8cbdec82e56f44d8b29f40ea1351646ef78e7fd366dc05c
- answer type
- uint256
- consumer
- none named; signed for the zero address