# U.S. crude gets crushed, share markets turn cautious | Reuters

> The front-month May WTI benchmark fell $5.40, or 29.5%, to just under $13 per barrel, its lowest since March 1999. European Brent dropped 5% to $26.60 as global storage facilities neared full capacity.

- Date: 2020-04-20 · published 2020-04-20T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/5317-u-s-crude-gets-crushed-share-markets-turn-cautious-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Storage constraints and excess supply versus weak demand point to continued bearish crude prices, which can weigh on energy-linked agricultural input and biofuel values.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2020-04-21 | 5 | -58.0% | -11.5 | Brent fell 5% to $26.60 on 20 April as global storage neared full capacity, a day within the window that worsened the glut narrative. |
| BRENT | 2020-04-21 | 1 | -47.5% | -6.8 | Apr 20 WTI crash and Brent drop to $26.60 as storage neared capacity set up the next-day Brent plunge, as the front-month contract roll amplified the move. |

## Sources

- reuters.com: https://www.reuters.com/article/global-markets/global-markets-us-crude-gets-crushed-share-markets-turn-cautious-idUSL8N2C83UK/?stream=business

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.