https://sputnikglobe.com/20200421/Price-o-fWTI-May-Futures-Again-Falls-Into-Negative-Territory-on-NYMEX-1079038834.html
Price of WTI May Futures Again Falls Into Negative Territory on NYMEX
Price of WTI May Futures Again Falls Into Negative Territory on NYMEX
Sputnik International
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... 21.04.2020, Sputnik International
2020-04-21T07:40+0000
2020-04-21T07:40+0000
2020-04-21T08:07+0000
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Price of WTI May Futures Again Falls Into Negative Territory on NYMEX
07:40 GMT 21.04.2020 (Updated: 08:07 GMT 21.04.2020) 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.
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.
