The US futures market regulator declined to point fingers in crude oil’s collapse below $0 seven months ago, on Monday publishing a report on the shocking move that immediately disappointed critics.
West Texas Intermediate oil futures settled at minus $37.63 a barrel on April 20, the first and only instance of negative crude prices since launching in 1983. The Commodity Futures Trading Commission began a review days afterwards.
CFTC staff published an “interim” report on their findings, but backed away from conclusive findings.
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