US crude oil prices have been negative for the first time in history.
On Monday, for the first time in history, US crude oil prices fell below zero, according to Reuters.
US crude fell to minus. 37.63 a barrel on Monday.
The price of Brent crude, the international standard for oil, has also declined. Brent prices fell 8.9 percent to $ 26 a barrel.
It is unclear how much the fall in prices will attract American consumers, as consumers will be drawn to buy oil as prices fall. But this time, the corona-caused lockdown has confined people to their homes, making it unclear what the scene will look like.
A few days ago, oil-producing countries agreed to cut crude production by 10 percent after the corona virus caused a drop in global oil consumption.