A 3D-printed oil pump jack is seen in front of a displayed stock graph and "$0 Barrel" words in this illustration picture, April 20,2020. - Reuters
SEOUL: U.S. crude oil jumped more than US$20 per barrel on Tuesday but still traded below $0 after plunging into negative territory for the first time in history, dragged down by a supply glut and sagging demand for crude due to the coronavirus pandemic.
U.S. West Texas Intermediate (WTI) crude for May delivery was up $21.96 at -$15.67 a barrel by 2214 GMT after settling down at a discount of $37.63 a barrel in the previous session.
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