Stocks: Oil plummets
April 20, 2020
“Stock fell Monday, tracking declines in oil prices as concerns over weak energy demand in an oversupplied market built up even further.
The May contract for U.S. West Texas intermediate crude oil (CL=F), which expires on Tuesday, dropped 40.78% to $10.82 per barrel as of 11:09 a.m. ET Monday, adding to early declines and reaching the lowest level since 1986. The June contract for the commodity (CLM20.NYM) dropped 9.11% to $22.75 per barrel…
Prices for Brent crude oil, the international standard, also fell Monday morning, albeit by a less extreme margin than prices for U.S. oil. Brent was down 5.13% to $26.64 per barrel…”
https://finance.yahoo.com/news/stock-market-news-live-april-20-2020-222036152.html