For the first time in history, US oil prices went in negative as a supply glut pushed the traders to pay for the quantity that they could not store. The coronavirus pandemic has affected the world adversely and set off a domino effect. As per Worldometer, due to the global pandemic has claimed 1,71,332 lives globally till the time of filing this story.
The lockdown that is in place due to COVID-19 outbreak has also resulted in an economic slowdown. Salary cuts and job cuts are said to be on the cards. In the middle of all this, the issue of storing crude resulted in the price of 1 barrel of crude oil trading for $18 per barrel to -$37.63 in just a few hours. The oil prices have bounced and even traded above zero at $1.10 a barrel. However, the incident has made invited a lot of memes on social media. Here are a few interesting ones.
Taking a jibe at the 'historic' phenomenon, here's how Twitterati made the best out of the situation:
US crude oil price falls into negative
— Pakchikpak Raja Babu (@HaramiParindey) April 21, 2020
Donald Trump : pic.twitter.com/QyFJIuo4yE
*Crude prices goes into negative*
— डी.के. (@itsdhruvism) April 20, 2020
Me*At petrol pump* : Tanki Full kardo.
Attendant: Sir, 350 hua.
Me: Theek hai lao.
Without India's contribution to mathematics koi Crude Oil ka price hee nahi bol pata.
— Abijit Ganguly (@AbijitG) April 20, 2020
"Cruide oil prices gets low"
— Aman (@humourously_urs) April 20, 2020
Me at petrol pump : pic.twitter.com/o7K4qijRyf
Crude oil right now#crudeoil pic.twitter.com/UbDNqFMIza
— Tweeting Quarantino ➐ (@rohitadhikari92) April 20, 2020
#crudeoil #OilPrices #OilCrash
— JRism (@jiteshrochlani) April 20, 2020
*When you have recently filled your petrol tank of all your cars and bikes* pic.twitter.com/ToNUY0QHVJ
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