If top US leadership was less demented, they could secretly "buy" up all of these $-35 May contracts and get paid 35 dollars a barrel to put it in the strategic reserve.
But if such an agreement had been made in Congress and the US was obligated to buy at a certain (positive) price, you can bet the price wouldn't be $-35 right now.
But if such an agreement had been made in Congress and the US was obligated to buy at a certain (positive) price, you can bet the price wouldn't be $-35 right now.