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Oil trading witnessed the biggest fluctuations in the past days, while the growing glut of supply affects the markets with a sharp drop in demand amid orders from governments around the world to people to stay in their homes to stop the spread of the emerging Corona virus.
US oil futures slipped deep into negative territory, on Monday, when they closed at -37.63 dollars a barrel, the lowest level ever.
Brent contracts ended the session higher by $ 1.04, or 5.4 percent, to settle at $ 20.37 a barrel.
Earlier in the session, the world benchmark crude fell to $ 15.98, its lowest level since June 1999.
US benchmark West Texas Intermediate crude for June delivery rose 2.21 dollars, or 19.1 percent, to settle at $ 13.78 a barrel.
The benchmarks continued to rise in post-settlement trade.
Since the beginning of the year, Brent has fallen about 65 percent, while US crude has tumbled around 75 percent.
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Oil trading witnessed the biggest fluctuations in the past days, while the growing glut of supply affects the markets with a sharp drop in demand amid orders from governments around the world to people to stay in their homes to stop the spread of the emerging Corona virus.
US oil futures slipped deep into negative territory, on Monday, when they closed at -37.63 dollars a barrel, the lowest level ever.
Brent contracts ended the session higher by $ 1.04, or 5.4 percent, to settle at $ 20.37 a barrel.
Earlier in the session, the world benchmark crude fell to $ 15.98, its lowest level since June 1999.
US benchmark West Texas Intermediate crude for June delivery rose 2.21 dollars, or 19.1 percent, to settle at $ 13.78 a barrel.
The benchmarks continued to rise in post-settlement trade.
Since the beginning of the year, Brent has fallen about 65 percent, while US crude has tumbled around 75 percent.
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