Trump wants to fill national reserves after historic oil collapse

The US oil market saw a complete collapse on Monday, with prices as low as USD -37 per barrel of crude. They rose again on Tuesday, but the fundamental problem remains unsolved. Now Trump wants to fill reserves, US media write.

Photo: Mandel Ngan/AFP/Ritzau Scanpix

The price of US crude to be delivered in May has crawled up again after Monday's historic drop, which saw the US market collapsing completely.

For the first time ever, West Texas Intermediate (WTI) oil was trading at a negative price, USD -37.63, which was a drop by 306 percent. On Tuesday, the price has climbed again, now trading at USD 1.76 per barrel, according to Reuters.

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