(Bloomberg) — Oil in London tumbled to the lowest in almost 21 years as the global benchmark was sucked into the rout that sent U.S. futures below zero for the first time ever this week.Brent futures for June delivery lost 12% to trade near $17 a barrel while New York’s West Texas Intermediate fell 4% having lost almost half its value on Tuesday. Prices continue to crash amid fears the massive glut that sent May WTI to as low as minus $40.32 a barrel on Monday is only going to get worse.With global demand crushed by coronavirus lockdowns, concerns that …read more
Source:: Yahoo Finance
