04-20-2020, 09:54 PM
I have shares of XOM (Exxon Mobile). The price of oil dropped to -$25 a barrel. I would assume a negative price is similar to that of a negative interest rate, but I don’t understand the impact of either, if they are related. Exxon dropped 4.7%, but after market is up 1.6%. So what am I missing? Yes, I’m going to research it further, but was hoping for some good imput.