Will Oil Prices Go Negative Again This Month?

The Commodity Futures Trading Commission has warned that as the expiry date for the June West Texas Intermediate contract approaches, the chances of extra price volatility have increased. The regulator told brokers, exchanges, and clearing houses that "they are expected to prepare for the possibility that certain contracts may continue to experience extreme market volatility, low liquidity and possibly negative pricing." Last month, when the May WTI contract expired, a frantic selloff among traders triggered a price slump deep into…