28-Apr-20 Tuesday 28 April, Western Texas Intermediate followed Monday’s 30% all with an almost 21% decrease in price before recovering.
It touched an intraday low of $ 10.07 / barrel.
The fall was triggered on Monday after the United States Oil Fund, one of the largest oil exchange-traded funds, announced it would sell all futures contracts for delivery in June over four days.
Persistent fears of oil running out of storage capacity also subdued the market.
