Derivatives Accident: The Crude Oil Treasure Incident Research

The price of the WTI2005 crude oil futures contract was concluded at -37.63 US dollars per barrel on April 20 Eastern Time. This is first negative WTI since it listed Chicago Stock Exchange, causing vast losses to Bank China and treasure investors. In order avoid similar accidents in future, both internal external risks need be evaluated. primarily accountable for accident as seller due its blatant incompetence regard company's products, sales, risks, disclosure, supervision, controls. However, factors including COVID-19, Organization Petroleum Exporting Countries, CME Clearing, well regulators consumers actually have some obligations thereby providing suggestions banks, regulators, study vital use regulation derivatives light rapidly expanding developing financial sector China.