US crude tumbles by 18% to 20-year low

Benchmark WTI crude for the May contract was trading 18.56% lower at $14.88 per barrel at 6:14am GMT time, as demand continues to slide

Oil price: crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma
Oil price: crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, OklahomaPhoto: REUTERS/SCANPIX
Published 20 April 2020, 06:32Updated 20 April 2020, 08:02