Traders don’t want to hold on the oil barrels as it was due this month for delivery and the contracts for the June at $22 per barrel are already in the process. The biggest disadvantage for most of the oil producers is to reduce or stop the oil exploration. If they stop it, there are also chances of oil well damage. And the cost of restarting the exploration or repairing the oil wells is huge. Hence, oil producers and traders when the supply is huge in this case, preferred to go away with the oil barrels than holding them. As they don’t have the storage capacity.