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0.000342465753424589 0 0.000256849315068503 -0.00102739726027401 -0.00299657534246583 -0.000856164383561717 -0.000856164383561717 -0.000856164383561717
Stock impact report

US oil prices crash below zero to $-37.63 a barrel [CNN]

International Business Machines Corporation (IBM) 
Last international business machines corporation earnings: 4/20 04:08 pm Check Earnings Report
US:NYSE Investor Relations: ibm.com/investor
Company Research Source: CNN
American oil crashes below $0 a barrel -- a record low A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here . What's happening: US oil prices plunged , falling below $0 Monday to $-37.63 a barrel. That's the lowest level since NYMEX opened oil futures trading in 1983. The selloff can be attributed in part to market mechanics. The May futures contract for West Texas Intermediate, the US benchmark, is about to expire. Most investors are already focusing on the June contract, thinning out trading volume and feeding volatility, UBS analyst Giovanni Staunovo said. The June futures contract for WTI is trading around $22 per barrel, but that's still sharply lower on the day. Brent crude futures, the global benchmark, fell 8% Monday to $25.81 per barrel. The extreme pressure on the WTI contract for May highlights ongoing concerns about the supply and demand dynamics plaguing the oil market. "No one in America wan Show less Read more
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