Energy traders bailed out of the expiring May U.S. oil futures contract in a frenzy on Monday, sending the contract to a record of almost $1 a barrel, as few buyers are willing to take delivery of actual physical barrels of oil because there is no place to put the crude. <br /><br />May U.S. crude futures hit a low of $1.02 and were lately down $16.47 to $1.80 a barrel, a 90% drop.

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Oil Prices Plunge To A $1.00 A Barrel - Is The EV Sector Sunk With Oil This Cheap?

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