A barrel of oil was priced at negative $3.70 on Monday, April 20. U.S. equity futures are indicating a lower open on Wall Street when trading begins on Tuesday.
The major futures markets are pointing to a decline of 1.4 percent. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates U.S.
crude is trading lower. The May contract which plunged on Monday, is down $3.43, trimming Monday's decline by $34.20 from the closing price of -$36.73.
It was at roughly $60 at the start of the year. The June contract is down $4.00 to $16. On Monday, U.S. oil futures plunged below zero with storage for crude nearly full as demand collapses due to the coronavirus pandemic.