US crude futures rebound, while May contract turns positive

WTI crude futures for May delivery were trading at $1.55 a barrel at 4:46 GMT, after closing at an unprecedented -$37.63 level on Monday

WTI hurting: A drilling rig on a lease owned by Oasis Petroleum operates in the Permian Basin oil and natural gas production area near Wink, Texas, US
WTI hurting: A drilling rig on a lease owned by Oasis Petroleum operates in the Permian Basin oil and natural gas production area near Wink, Texas, USFoto:REUTERS/SCANPIX
Published 21 April 2020, 05:17Updated 21 April 2020, 06:21