Given that oil is now down to $2.06 per barrel, a price that was incomprehensible not too long ago and so far as I can find out is the lowest in real terms (inflation adjusted) since at least 1861 which is a rather long time to say the least.
That prompts a serious question – what happens to the ETF if the crude oil price were to go negative?
Anyone know an actual answer?
Ignoring how likely a negative oil price is or isn’t, just assume for the purpose that it does go into negative territory. What happens to the ETF? Its price can’t go negative? Or can it?
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