FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant
SEOUL (Reuters) - U.S. crude oil jumped over $20 per barrel on Tuesday but still traded below $0 after plunging into negative territory for the first time in history, dragged down by a supply glut and sagging demand for crude due to the coronavirus pandemic.
U.S. West Texas Intermediate (WTI) crude for May delivery was up $21.96 to -$15.67 a barrel by 2214 GMT.
The May contract expires on Tuesday, while the June contract, which is more actively traded, was up 51 cents, or 2.5%, to $20.94 a barrel.
Reporting By Jane Chung; Editing by Chris Reese
Our Standards:The Thomson Reuters Trust Principles.
Business - Latest - Google News
April 21, 2020 at 07:32AM
https://ift.tt/3apLry7
U.S. crude futures up more than $20, but still trade below zero - Reuters
Business - Latest - Google News
https://ift.tt/2Rx7A4Y
Bagikan Berita Ini
0 Response to "U.S. crude futures up more than $20, but still trade below zero - Reuters"
Post a Comment