Oil takes a break, but drop expected to continue
Rise in US futures on contract expiries helps to steady price but storage remains a crisis
22 April 2020 - 07:35
Tokyo — Oil prices found some respite on Wednesday as US oil futures rose more than 20% and Brent prices steadied after a two-day price plunge, and markets struggle with a huge crude glut amid the coronavirus outbreak.
After falling into negative territory for the first time in history amid record trading volumes, US crude futures rose 20% as contracts for May delivery expired and the June contract became the front month...
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