US crude plummets 14% as one analyst says the situation stateside is 'quite dire'

U.S. crude prices plunged in the morning of Asian trading hours on Monday as traders continued to fret over a slump in demand due to the coronavirus pandemic, with one analyst describing the situation stateside as "quite dire."

Prices on the May contract for West Texas Intermediate crude futures dropped 14.18% to $15.68 per barrel. The futures contract is set to expire on Tuesday, according to Refinitiv.Benjamin Lowy | Getty Images U.S. crude prices plunged in the morning of Asian trading hours on Monday as traders continued to fret over a slump in demand due to thePrices on the May contract for

realDonaldTrump do something!

Trump killed the price of oil.

BeHappyandCivil I smell another conference call with MBS and Putin.

Hope txrrc is paying attention. More cuts now! Must save Texas

Trump should fill up the National Oil Reserves with American oil. (Problem Solved).

I thought the orange guy in the WH fixed this!!!

Oil will be back over 70 in 2021 duh!!

Buy the dip!

I thought the OPEC+ deal was record breaking?

Trump or his lakies will announce a Trillion dollar bailout for US oil industry within a week. Keep on printing Trillions and Trillions, again a crisis Trump created and now he saves the day for Billionaires and Corporate America. When will the American workers realize!

Are gas stations losing money right now?

stevelackmeyer Are there going to be any US based O&G companies left after this meltdown? OKC is headed from Penn Square Bank failure fallout. We will have any O&G companies left in the state by 2021v😳😳😳

No flights, no driving, no jobs = no demand to oil

President Pump to the rescue!

Juicy oversold bounce coming 😋

TrumpEconomy

Let the selling begin

This is crazy!

Good thing the president* got involved.

That god large companies always have emergency funds on hand.

Green New Deal... Biden2020

clstanley29

Crude in spite of all cuts is telling us that economic fundamentals are garbage. demand destruction world wide.

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