The novel coronavirus outbreak has wreaked havoc across the world and has severely impacted the global economy. On Monday, in a historic drop, the oil prices plunged below USD zero.

Amid the novel coronavirus pandemic, the demand for energy has collapsed. Traders are refraining from buying crude oil with nowhere to store it, and hence, oil prices plummeted to negative USD 35.20 on Monday.

However, oil prices rebounded after the massive drop but Twitter was already up and running with its meme fest. Considering the new price of crude oil, netizens churned out hilarious memes and flooded Twitter with rib-tickling posts.

Several users created memes and had a hearty laugh over that fact that oil is now cheaper than a Netflix subscription, cola and hand sanitisers.