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“U.S. oil plunges 25% to trade below $13 a barrel to start another punishing week”

“June West Texas Intermediate crude CLM20, -26.62%, the U.S. benchmark, lost $4.20, or 25%, to trade at $12.69 a barrel, following a 32.3% decline for the week—its biggest such decline on record—for the commodity and a landmark plunge in the now-defunct May contract, which last Monday ended in negative territory for the first time in the history of the energy complex.

June Brent crude BRNM20, -7.18%, the international benchmark, headed $1.55, or 6.3%, at $23.26 a barrel, following its 23.7% weekly drop…”

https://www.marketwatch.com/story/us-oil-plunges-25-to-trade-below-13-a-barrel-to-start-another-punishing-week-2020-04-27?siteid=yhoof2&yptr=yahoo

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