Now the oil markets are bouncing back today after a huge fall below 0 on April 20. However, we are witnessing historic close in general due to the poor demand. Watch report.

Carnage in crude oil markets: US oil prices rebound, back above zero

The Crude oil price in US falls to level not seen since year 1999. The May contract of American West Texas Intermediate (WTI) futures fell more than 31% to $12.43 a barrel on Monday. Its lowest level since 4 March 1999.

Crude oil price in US falls to level not seen since year 1999, WTI crude price below $15 for a barrel

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Carnage in crude oil markets: US oil prices rebound, back above zero

Crude oil price in US falls to level not seen since year 1999, WTI crude price below $15 for a barrel