Oil collapses to $0.01/barrel in New York: US Oil Benchmark

Oil collapses to $0.01/barrel in New York: US Oil Benchmark

The soon-to-expire May contract for the U.S. oil benchmark was on track Monday to finish in single digits for the lowest close and biggest one-day plunge on record for a front-month contract, reflecting a growing glut of crude and a lack of storage space. Oil futures collapsed to below zero for the first time ever […]