US crude plummets 14% as analyst says the situation stateside is 'quite dire'
U.S. crude prices plunged in the morning of Asian trading hours on Monday as traders continued to fret over a slump in demand due to the coronavirus pandemic, with one analyst describing the situation stateside as "quite dire."
Prices on the May contract for West Texas Intermediate crude futures dropped 14.18% to $15.68 per barrel. The futures contract is set to expire on Tuesday, according to Refinitiv.Benjamin Lowy | Getty Images U.S. crude prices plunged in the morning of Asian trading hours on Monday as traders continued to fret over a slump in demand due to thePrices on the May contract for
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