Oil market in turmoil as price falls below zero

BANGKOK (AP) – The market for United States (US) crude was in turmoil on Tuesday, with one contract trading below zero, as investors worried about full storage facilities and a collapse in demand as the pandemic leaves factories, automobiles and airplanes idled. The extreme volatility in energy markets highlighted investors’ broad concerns about the duration of the coronavirus outbreak and its impact on the economy, weighing on financial markets more broadly, including stocks. More details in Wednesday’s Borneo Bulletin.