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Expiring U.S. crude oil futures contract posts 'epic' 40% slide

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Home Blogs > Business
Apr 20 '20 | By oiam2companyadmin | Views: 38 | Comments: 0

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The oil market's fears of rapidly filling storage and demand destruction hammered the expiring May U.S. oil futures market, which dropped more than 40% on Monday, opening the widest gap in history between it and the next contract at nearly $12 a barrel.
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Source: https://www.reuters.com/article/us-global-oil-contracts/expiring-u-s-crude-oil-futures-contract-posts-epic-40-slide-idUSKBN2221TS?feedType=RSS&feedName=businessNews

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