Oil Prices Trade In Negative Numbers For First Time Amid Global Oil Glut

MCKITTRICK, CALIFORNIA - APRIL 24: An aerial view shows pumpjacks in the South Belridge Oil Field as oil prices have cratered with the spread of the coronavirus pandemic on April 24, 2020 near McKittrick, California. Crude oil prices dropped into in the negative territory for the first time on April 20 with millions of barrels going unused after travel restrictions and widespread social distancing measures brought on by the coronavirus (COVID-19) pandemic all but obliterated global energy demand. South Belridge Oil Field is the fourth-largest oil field in California and one of the most productive in the U.S. (Photo by David McNew/Getty Images)