World Vegetable Oil Prices Plunge Following Historical Move in Crude Oil Prices

World Vegetable Oil Prices Plunge Following Historical Move in Crude Oil Prices

World Vegetable Oil Prices Plunge Following Historical Move in Crude Oil Prices

World vegetable oil prices moved sharply lower on Tuesday following an unprecedented trading session in crude oil on Monday in which the expiring May contract traded as low as -$40 per barrel. While the historical significance of a commodity trading at a negative price was likely due to the particulars of the expiring contract trapping…

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