U.S. oil futures for May back in positive territory after record plunge


The U.S. oil benchmark for May was back in positive territory Monday night after a wild and historic plunge that saw it close down 306%, at negative-$37.63 a barrel, earlier in the day. West Texas Intermediate crude for May delivery
CLK20,
+99.20%
was last at $1.66 a barrel in overnight electronic trading, up more than 100% in the session. The May crude contract expires on Tuesday; the more actively traded June contract
CLM20,
+1.02%
was last above $21 a barrel, up around 7% from its Monday close at $20.03 a barrel. For more, read: Why oil prices just crashed into negative territory — 4 things investors need to know



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *