Oil still in negative territory with Opec+ cuts not making a dent
US West Texas Intermediate crude for May delivery traded at minus $7 a barrel by 9.55am GMT
21 April 2020 - 13:06
London — US oil futures continued to trade in negative territory on Tuesday, after closing down nearly $40 on Monday in their first ever sub-zero dive, as concerns grew the US will run out of storage for a glut caused by the coronavirus lockdown.
Global benchmark Brent crude also fell sharply in response to the collapse of demand following reduced economic activity...
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