Company News 

WTI slumps into negative territory on supply glut

WTI slumps into negative territory on supply glut

A week after Saudi Arabia and Russia agreed to sizeable production cuts in a bid to prop up crude prices, the value of West Texas Intermediate (WTI), the US benchmark, slumped into negative territory, with US storage facilities swamped by rising stockpiles of crude.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now