US oil prices plunge below zero for first time in history due to coronavirus COVID-19 crisis

In a first, United States oil prices plummeted to negative on Monday (April 20) as the demand for energy plunged sharply due to the coronavirus COVID-19 pandemic. According to The New York Times, the fuel storage tanks in the United States were near capacity making it tough for the companies to hold all the unused crude.

from Zee News :World https://ift.tt/2VlV902