What Do Negative Oil Prices Mean?

With oil prices having dipped into negative territory, S&P Global Platts's Vito Turitto joins our hosts Sandy Block and Ryan Ermey to break down exactly what's going on. Also, the cohosts give an update on stimulus checks.

Arrow Symbol, Chart, Deterioration, Graph
(Image credit: Getty Images)

Ryan Ermey: Earlier this week, U.S. oil prices went negative, with traders paying folks to take barrels off their hands. S&P Global Platts is a go-to analytics firm for energy and commodities. Their lead quantitative analyst Vito Turrito joins the show to make sense of all of this in our main segment. On today's show, Sandy and I give an update on stimulus checks. And, a new edition of Financial Fact or Fiction features unemployment benefits and private student loans. That's all ahead on this episode of Your Money's Worth. Stick around.

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Sandra Block
Senior Editor, Kiplinger's Personal Finance

Block joined Kiplinger in June 2012 from USA Today, where she was a reporter and personal finance columnist for more than 15 years. Prior to that, she worked for the Akron Beacon-Journal and Dow Jones Newswires. In 1993, she was a Knight-Bagehot fellow in economics and business journalism at the Columbia University Graduate School of Journalism. She has a BA in communications from Bethany College in Bethany, W.Va.