U.S. crude futures turn positive after historic plunge, Brent falls - Reuters

U.S. crude futures turn positive after historic plunge, Brent falls - Reuters:

U.S. oil prices hobbled back into positive territory on Tuesday after sinking below $0 for the first time ever, but international benchmark Brent dipped as the global coronavirus crisis severely reduces demand for crude.

U.S. West Texas Intermediate (WTI) crude for May delivery CLc1 was up $38.99 in thin trade at $1.36 a barrel by 0622 GMT after settling down at a discount of $37.63 a barrel in the previous session. 


The May contract expires on Tuesday and the more-active June contract CLc2 rose 94 cents, or 4.6%, to $21.37 a barrel.

Global benchmark Brent crude for June delivery LCo1 was down 48 cents, or 1.9%, at $25.09 per barrel.