Editing Price (section)

===Negative prices===
{{Main article|Negative pricing}}
{{See also|2020 Russia–Saudi Arabia oil price war}}
[[Negative prices]] are very unusual but possible under certain circumstances. Effectively, the owner or producer of an item pays the "buyer" to take it off their hands.

In April 2020, for the first time in history, due to the global health/economic crisis situation, the price of  [[West Texas Intermediate|West Texas Intermediate benchmark crude oil]] for May delivery contracts turned negative, with a barrel of oil at -$37.63 a barrel, a one-day drop of $55.90, or 306%, according to Dow Jones Market Data. "Negative prices means someone with a long position in oil would have to pay someone to take that oil off of their hands. Why would they do that? The main reason is a fear that if forced to take delivery of crude on the expiration of the May oil [[futures contract|contract]], there would be nowhere to put it as a glut of crude fills up available storage."<ref>{{Cite web|title=Why oil prices just crashed into negative territory — 4 things investors need to know|url=https://www.marketwatch.com/story/why-the-oil-market-just-crashed-below-0-a-barrel-4-things-investors-need-to-know-2020-04-20|last=Watts|first=William|website=MarketWatch|language=en-US|access-date=2020-05-14}}</ref> In a sense the price is still positive, just the direction of payment reverses, i.e. in this case you are paid to take some [[goods]].

[[Negative interest rates]] are a similar concept.