12 Shocks from 12 Months of Lockdown

It's been a unique year for investors. From negative oil prices to GameStop, we refresh your memory of the standout events of the past 12 months

James Gard 23 March, 2021 | 9:43AM
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Stock market trader

It’s been such an eventful 12 months that it’s easy to lose track of all the unexpected events that have affected investors in the last year. From GameStop to negative oil prices, we round up some of the most unexpected and dramatic of these developments:

1. Oil Prices Go Negative

No one knew whether the oil price could go negative until it actually happened; the price of WTI crude for May delivery went to -$37 per barrel on April 20, a drop of 300%, pricing in a total collapse in global energy demand during the pandemic. It was a technical sell-off as traders scrambled to offload futures contracts, and the price rebounded quickly.

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James Gard  is content editor for Morningstar.co.uk