(Bloomberg) — Oil rebounded in early Asia trading after plunging below zero for the first time in history but remained deep in negative territory as the U.S. benchmark’s May contract entered its final trading session.Crude for May delivery rose more than $20 to minus $16.10 a barrel, after sinking to as low as minus $40.32 a barrel during Monday’s jaw-dropping collapse. With the coronavirus pandemic bringing the U.S. economy to a standstill, refiners are using far less crude, leaving so much unused oil sloshing around that American energy companies are running out of room to store it. And if there’s …read more
Source:: Yahoo Finance
