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U.S. oil prices tumble to 20-year low, threatening stock rally

Germany city Madrid covid-19 Oil prices wti Coronavirus
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Caution recaptured world markets on Monday as a near 30% drubbing for U.S. WTI crude oil kicked off a busy week of data and earnings that will drive home the damage being inflicted by global coronavirus lockdowns.

Europe’s stock markets made a groggy start, with the pan-regional EUROSTOXX 600 flopping back into the red as London’s FTSE, Germany’s DAX and Paris, Milan and Madrid all fell more than 1%.

E-Mini futures for the S&P 500 tumbled nearly 2% too, after Wall Street had enjoyed a strong end to last week, though even that barely reflected the carnage in oil markets.

With some global storage facilities nearly full to capacity, the ‘front-month’ May benchmark U.S. crude contract was down $5.40, or 29.5%, to just under $13 a barrel — the

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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