RE: Brent crude $1822 Apr 2020 01:20
"at least 18 Saudi supertankers are scheduled to arrive in the U.S. next month as U.S. oil storage tanks near capacity — meaning they may end up parked and serving as floating storage for an indefinite period"
There is one fact. Here are more
On Tuesday, the June WTI CLM20, 16.51%, which is now the front month, plunged by $8.86, or 43.3%, to end at $11.57 a barrel — underscoring fears it could also get sucked toward zero or below in coming weeks.And Brent crude BRN00, +0.87%, the global benchmark, also stumbled Tuesday, with the June contract dropping $6.24, or 24.4%, to $19.33 a barrel, the lowest close for a front-month contract since 2002