Chinese investors who traded Bank of China's crude oil futures trading product are crying foul over the bank's decision to settle the trades at historic negative prices, claiming the bank should have done more to protect their interests, Reuters reported on April 23.
Following the crash, BoC on April 22 stopped allowing new positions in the product, also known as crude oil"bao", or treasure.
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Global Stocks Steady as Oil Prices RecoverOil builds on Wednesday’s rebound, which was sparked by the prospect of fresh U.S.-Iran tension I'd rather bet on babies having a crawling race that pitch money into a whirlwind of corruption keeping a dying industry artificially afloat. America's innovation is running on fumes while we invest in yesterday preferentially rather than tomorrow. How good is Trump at manipulating the market!
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