NEW YORK – Brent crude futures plunged 25% on April 21 to the lowest in nearly two decades, a day after panicked traders sent U.S. oil below minus $40 per barrel on fears of a historic glut due to the destruction of fuel demand by the coronavirus pandemic.
Reuters: Oil hits two-decade lows on low demand, storage woes
A woman wearing a face mask walks past an electronic board showing Asian stock index overview and news report on the oil market at a shopping mall in Bangkok on March 9, 2020.
