Registration was successful!
Please follow the link from the email sent to

Price of WTI May Futures Again Falls Into Negative Territory on NYMEX

© AFP 2021 / Karim SAHIBA worker at the Dura oil refinery, on the southern outskirts of Baghdad, fills a barrel
A worker at the Dura oil refinery, on the southern outskirts of Baghdad, fills a barrel - Sputnik International
Subscribe
MOSCOW (Sputnik) - On Tuesday, the price of May futures for WTI fell into negative territory again on the New York Mercantile Exchange (NYMEX), trading data showed.

As of 10:16 a.m Moscow time (06:16 GMT), the price of WTI crude May futures reached negative $4.04 per barrel. The price of June futures increased  by 0.34 percent to $20.5 per barrel. Tuesday is the last trading day for WTI May futures trading on NYMEX.

The price of June futures for Brent saw a 7.39 percent drop to $23.64 per barrel.

© REUTERS / Richard CarsonA maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016
Price of WTI May Futures Again Falls Into Negative Territory on NYMEX - Sputnik International
A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016

Oil markets have experienced serious turmoil in recent months, first when oil-producing countries failed to reach an agreement on output cuts and later when severe quarantine measures and decline in the industry across the world resulted in historically low demand for the product.

 

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала