Impact of Negative Oil Prices? CFTC/NFA Market Participant Thoughts May 28, 2020 In late April, the market was witness to an unprecedented event, negative oil prices. This has never happened before in the history of trading oil futures contracts. Turnkey staff spoke with FCM executives, former energy floor traders, large introducing brokers and many more market participants in order to see what went on behind the scenes, and what if anything could have been done to mitigate the price collapse.