Production

Brent crude drops 13%, WTI continues to tumble

Brent June futures were trading at $16.78 a barrel on Tuesday morning 5:45am GMT, its lowest in two decades

Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, US
Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, USPhoto: REUTERS/SCANPIX
  • Nishant Ugal
New Delhi
West Texas IntermediateUSADonald TrumpCushingBrent
Published 22 April 2020, 06:07Updated 22 April 2020, 06:23