US Stocks traded lower as crude woes mount. Brent futures saw a 22% drop a day after the price of West Texas Intermediate turned negative for the first time in history, with the so-called fear index rising on a two week high April 21, 2020.
Coupled with weak demand, the Corona Virus quarantine, an on-going battle between Russia and Saudi Arabia, energy stocks continue to loom around their 52 week lows.
- West Texas (per barrel) – $9.06
- Exxon Mobil (XOM) – $40.96
- Marathon (MRO) – $4.24
- Valero Energy (VLO) – $49.45
- Sunoco (SUN) – $21.07