Oil prices go negative for the first time in history, dipping 305%

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A long exposure image shows the movement of a crude oil pump jack in the Permian Basin in Loving County, Texas, US, November 23, 2019. REUTERS/Angus Mordant/Files NEW YORK: The oil prices turned negative on Monday for the first time in history as storage space was filling up, discouraging buyers as weak economic data from Germany and Japan cast doubt on when fuel consumption will recover.

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