News analysis

Oil price in negative territory but may not benefit consumers

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The collapse of the oil price into unheard of negative territory may not truly benefit consumers whose lack of demand caused the crash in the first place.

But the shock to investor confidence may ripple across financial markets, hitting stocks, bonds and currencies and may eventually end up running some companies into the ground.

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A version of this article appeared in the print edition of The Straits Times on April 22, 2020, with the headline Oil price in negative territory but may not benefit consumers. Subscribe