“U.S. oil plunges 25% to trade below $13 a barrel to start another punishing week”
April 27, 2020
“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…”