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The price of a barrel of oil briefly turned negative on Tuesday, a historical first that will create economic and financial shockwaves.

The price of a barrel of West Texas Intermediate (a kind of crude oil) fell as low as negative-$39 a barrel. Sellers were paying buyers to take oil! 

The negative price came about because huge volumes of oil are flowing in this period of low demand, and America is running out of places to put it.