For the first time in histroy, crude oil prices plunges to negative. Everyone’s seen due to the lockdown, everything has taken to a back seat, from vendors to traders are hit badly.
On tuesday what shook most of the people is falling of crude oil prices badly. Creating an imbalance over the demand and supply nature.
West Texas Intermediate crude for May delivery has fallen to -$37.63 per barrel and Brent Crude for its June contract traded a little better at $25.58 per barrel.