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Markets

US oil futures end in positive territory at $10.01/barrel

But WTI futures for delivery in June plunged 43 percent to $11.57 a barrel, the lowest ever since the contract was
21 Apr 2020
  • But WTI futures for delivery in June plunged 43 percent to $11.57 a barrel, the lowest ever since the contract was established in 1983.

NEW YORK: A day after its historic slide into negative territory amid a supply glut, US oil futures finished in positive territory Tuesday although the market remained under heavy pressure.

Futures of US benchmark contract West Texas Intermediate for delivery in May ended at $10.01 a barrel after finishing Monday's session at -$37.63 a barrel.

But WTI futures for delivery in June plunged 43 percent to $11.57 a barrel, the lowest ever since the contract was established in 1983.