Twitter hits gold as oil prices hit rock bottom

US crude oil futures collapsed below $0 on Monday for the first time in history, amid a coronavirus-induced supply glut, ending the day at a stunning minus $37.63 a barrel as desperate traders paid to get rid of oil.

Brent crude, the international benchmark, also slumped, but that contract was nowhere near as weak because more storage is available worldwide.

While US oil prices are trading in negative territory for the first time ever, it is unclear whether that will trickle down to consumers, who typically see lower oil prices translate into cheaper gasoline at the pump.

As billions of people around the globe stay home to slow the spread of the novel coronavirus, physical demand for crude has dried up, .creating a global supply glut

Soon after the news was out, many took to Twitter to react to this massive change.

The Simpsons, like many other instances, apparently predicted the oil crash prices as well.

The simpsons on course for another prediction 👀😂 #OilCrash pic.twitter.com/848gIhi5bv

— 𝕯𝖆𝖓𝖌𝖔𝖗 (@smdangor) April 20, 2020

But we're all in lockdown, with nowhere to go!

Lockdown side effects 🤣
#OilPrices #crudeoil #OilCrash pic.twitter.com/nb4yhOAy3M

— HARSHIT (@SaxenaHarshit24) April 20, 2020

Netflix really is expensive than a barrel of oil! What a time to be alive!

Netflix subscription is more expensive than a barrel of oil#OilCrash pic.twitter.com/8bE5gqxBqz

— Becklish (@becklishoko) April 20, 2020

And then the hilarious memes came along!

The barrel is now more expensive than the oil inside #OilCrash pic.twitter.com/0fMg0Ll0sL

— As A Boss (@Jesse_Effa) April 20, 2020

#OilCrash
Just ordered 10$ worth crude oil for future pic.twitter.com/Ih3YMR0pRM

— Rohit Sajwan (@Pahadibhulaa) April 20, 2020

Ordered crude oil worth Rs 100 as future investment. #OilCrash pic.twitter.com/ozhKe4oCjK

— Krishna (@Atheist_Krishna) April 21, 2020

2020 in one sentence: A roll of toilet paper is worth more than a barrel of oil. #OilCrash #OilPrice #CrudeOil pic.twitter.com/m9U8EW3tSd

— usama sheikh (@usamasheikh02) April 20, 2020

https://twitter.com/model_hun/status/1252342878421970946

I can comfortably buy more than 5 barrels of oil and my account balance won't shake. What a time to be alive#OilCrash pic.twitter.com/z5tjOTK9eY

— Tams (@TamsTmk) April 20, 2020

Breaking : oil prices crash 305% to -$36.73 a barrel

Me and my bois going to invest in oil ;#OilCrash #CrudeOil pic.twitter.com/OTynKK30e7

— ADULTING😈 (@adultmemes4u) April 21, 2020

I would like to buy 2 barrels of oil...keep the change #oilprice #OilCrash pic.twitter.com/50d7QT85Pp

— Benonwine (@benonwine) April 20, 2020

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