Oil price goes negative as demand collapses; stocks dip

2 months ago

BANGKOK (AP) — Asian shares skidded on Tuesday after U.S. oil futures plunged below zero as storage for crude runs close to full amid a worldwide glut as demand collapses due to the pandemic. Shares fell in Tokyo, Hong Kong and Shanghai but New York stock futures edged higher after the S&P 500 sank 1.8% overnight, giving up some big gains