U.S. oil futures turn negative

Source: Xinhua| 2020-04-21 02:57:18|Editor: huaxia

Traders work at the New York Stock Exchange (NYSE) in New York, the United States, March 9, 2020. (Xinhua/Wang Ying)

NEW YORK, April 20 (Xinhua) -- U.S. oil prices plunged more than 100 percent and turned negative on Monday as traders unloaded positions ahead of the May contract's Tuesday expiration amid the coronavirus-fueled demand shock.

West Texas Intermediate crude for May delivery shed about 135 percent to trade at -6.39 U.S. dollars per barrel at one point on the New York Mercantile Exchange.

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