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[SMM News] US crude oil plunged nearly 30 per cent in recent months hit its lowest level since 1999
Apr 20,2020 19:43CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM4, April 20: on the evening of April 20, US crude oil continued to decline during the day. As of about 19:35 in the evening, the US crude oil 05 contract was at $12.89 per barrel, down 29.5 percent.

Us crude oil hit its lowest level since 1999 amid fears that US oil storage facilities would soon be full as a result of the new crown epidemic, and oil companies are expected to report their worst quarterly earnings since the 2008 financial crisis.

WTI crude oil June futures premium to May futures reached $10, continuing to brush the historical record.

By around 19:35, US stocks had expanded their losses, with COP.N down 6.38 per cent, SLB.N down 5.89 per cent, HAL.N down 6.33 per cent and ExxonMobil (XOM.N) down 6.06 per cent.

"related reading:" [abnormal] the main force of crude oil fell nearly 7% in the main session of the United States oil hit a new low in this century! "

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