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Why oil prices fell into negative territory — and why it might happen again
The Hill: Oil prices rose back into profit Tuesday after dipping into negative territory for the first time in history on Monday. But the rebound may be short lived as a lack of storage space could push markets to a similar crash within the next month.
Benchmark West Texas Intermediate settled at around $10 Tuesday, a significant uptick after trading at around $3 for much of the day and dipping as low as negative $16, but still a far cry from price points in the $20 range seen for much of March.
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