Oil Price for Today, Huge drop in Oil Prices
Breaking oil price news, oil price for today with huge drop Per barrel price and it's breaking the world rate for oil price live today, Want to learn more? you can watch the oil price live down below.
WTI crude rate sinks 99%, goes $0.15 for the barrel on scant storage, weak demand, The May US WTI contract fell $17.37, or 99%, to $0.15 a barrel at 1.50 PM EDT.
US crude expectations plunged more than 99% moving Monday to the lowest price on history as storage space for U.S. crude was filling up, warning buyers even as weak financial data from Germany and Japan cast doubt on when fuel loss will recover.
The June WTI deal is purchasing more actively at a much greater level of $22.25 a barrel. The range between May and June was more than $19, the most comprehensive in history for the two most expected monthly contracts.
Investors bailed out of the May contract before of expiry later on Monday because of a lack of interest for the actual oil. When a futures contract expires, merchants must decide whether to take the performance of the oil or roll their positions into a different futures contracts for a later month.
The oil price for today
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