The coronavirus pandemic has triggered a domino effect in the world. Pay cuts, no appraisals, layoffs are direct results of the slowing economy worldwide. Not to forget, the deadly disease has claimed more than 1,70,000 lives globally.
But if you thought that was all, the unimaginable happened on Monday.
For the first time in history, US oil prices ended in a negative as a supply glut forced traders to pay others to take the commodity. With scarcity to store crude oil, the US benchmark West Texas Intermediate for May delivery ended trading at -$37.63.
Thankfully, the oil prices did bounce back in a matter of hours and traded above zero at $1.10 a barrel - social media was already out to "buy" a barrel of oil.
Soon, desis (and videshis) joined the meme fest with their own takes of the oil plunge.
#OilPrice Finally something is cheaper than the Zimbabwe currency ! pic.twitter.com/KeV9ml0dK0 — Ali (@AliAfSaleh) April 20, 2020
#OilPrices #oilprice Year 2020.. pic.twitter.com/UWKcVWjhyc — #HowFootballSavedHumans (@HowHumans_) April 20, 2020
the year is 2020. oil is free and a dine-in hamburger is unattainable — kilgore trout, compulsory consumer (@KT_So_It_Goes) April 20, 2020
I’ll buy a full tanker load of your finest crude oil, keep the change.#oilprice #OilPrices pic.twitter.com/TnTmcYOh2X — Amresh Mandal (@resh_ami) April 20, 2020
Me having dinner with JayZ after I buy 1 dollar worth of oil and become an oil baron #OilPrice pic.twitter.com/t6OckpZoLu — CEO of Poop (@KingSlimeV3) April 20, 2020
Of course, Simpsons predicted crude oil prices.