U.S. oil’s May contract skids about 20% at nadir as crude’s woes continue
April 19, 2020 at 21:58 PM EDT
The May futures contract for U.S. crude oil extend losses Sunday evening in electronic trade, touching the lowest level since 2001, as fears about a shock to demand due to the coronavirus and worries about a lack of storage look set to hammer the commodity to start the week.
