22 Apr 2020
Important Updates on USOil
Following an unprecedented event which saw Futures prices on WTI (USOIL) for the month of May 2020 go into negative and Liquidity Providers do not quote price in negative, please note the following measures will be taken:
- All rolling oil contracts are set to “close only”.
- In the event of the USOIL price reaching 0, Blackwell Global will close any open positions, including hedged positions at the available market price at the time. As such, please ensure that your open positions are properly managed.