West Texas Intermediate Tag

US crude oil for May delivery has turned negative for the first time since trading records began, with oil producers forced to pay buyers to take the product over fears that storage capacity could run out next month. The COVID-19 (coronavirus) pandemic has destroyed oil demand...

Saudi Arabia will trim its crude oil exports to below seven million barrels per day (bpd) in April, revealed a Saudi official on Monday, in a bid to drain a global supply glut and boost oil prices. Oil prices edged higher on Tuesday in response to...