Negative $40 oil reflects panic - and U.S. crude market economic reality

Traders desperate to avoid owning oil fled the markets on Monday, sending crude futures into negative territory for the first time ever, in recognition that coronavirus pandemic has sapped demand for fuel.


Oil Plunges Below $5 With Traders Fleeing Expiring Contract

Oil plunged below $5 a barrel as coronavirus ravages global economies, threatening to erase an entire decade of demand growth, slashing thousands of jobs and wiping out hundreds of billions of dollars.


Singapore’s Daily Virus Infections Top 1,000 For First Time

The number of daily coronavirus cases in Singapore topped 1,000 for the first time since the pandemic began, as an outbreak among migrant workers living in shared dormitories continued to surge.