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The world changed on April 20, 2020. The soon-to-expire May contract for the U.S. oil benchmark went into a free fall to finish deeply in negative territory on Monday, an unprecedented circumstance. The idea that a barrel of oil could be priced negatively, WORTH LESS THAN ZERO, was previously unthinkable, but on this fateful day it was a reality. A dual demand-supply shock caused this crazy scenario to unfold. Oil is often called the lifeblood of the global economy so the scale of shock seen in April should be a cause for concern for all of us and is hopefully not a harbinger of something more dreadful to come.

Bullionix collection image

Bullionix are beautiful 3D NFTs with real gold staked to them! Like digital jewelry, all designs are high-resolution and waiting to be interacted with in your display case. Bring your crypto to life with a variety of themed collections as well as collaborations from today's leading artists and designers.

Category Art
Contract Address0xdb7e...f0e8
Token ID222
Token StandardERC-721
ChainEthereum
Creator Earnings
0.25%

April 2020: Oil Apocalypse

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April 2020: Oil Apocalypse

visibility
31 views
  • Price
    USD Price
    Quantity
    Expiration
    From
  • Price
    USD Price
    Quantity
    Floor Difference
    Expiration
    From

The world changed on April 20, 2020. The soon-to-expire May contract for the U.S. oil benchmark went into a free fall to finish deeply in negative territory on Monday, an unprecedented circumstance. The idea that a barrel of oil could be priced negatively, WORTH LESS THAN ZERO, was previously unthinkable, but on this fateful day it was a reality. A dual demand-supply shock caused this crazy scenario to unfold. Oil is often called the lifeblood of the global economy so the scale of shock seen in April should be a cause for concern for all of us and is hopefully not a harbinger of something more dreadful to come.

Bullionix collection image

Bullionix are beautiful 3D NFTs with real gold staked to them! Like digital jewelry, all designs are high-resolution and waiting to be interacted with in your display case. Bring your crypto to life with a variety of themed collections as well as collaborations from today's leading artists and designers.

Category Art
Contract Address0xdb7e...f0e8
Token ID222
Token StandardERC-721
ChainEthereum
Creator Earnings
0.25%
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