The U.S. oil industry was already struggling to satisfy investors unhappy with weak returns, even as the United States surged to become the world’s largest oil producer in the last few years.

The Argentinian government plans to set a minimum oil reference price for local producers at US$45/bbl,

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Brent crude touched $15.98 a barrel, WTI was down 51 cents, or 4.4%, at $11.06 a barrel.

ОПЕК+ Россия внимательно следят за ситуацией и имеют, в случае необходимости, все возможности для реагирования.

Monday's unprecedented meltdown in oil prices, with front-month NYMEX WTI futures diving deep into negative territory as Tuesday's expiry of the May contract neared, was the exclamation point on what many OPEC+ delegates have described as an alarming and depressing ride.

The Dow Jones Industrial Average fell 631.56 points, or 2.67%, to 23,018.88, the S&P 500 lost 86.6 points, or 3.07%, to 2,736.56 and the Nasdaq Composite dropped 297.50 points, or 3.48%, to 8,263.23.

MSCI's broadest index of Asia-Pacific shares outside Japan fell as much as 1% before erasing losses to last stand at 0.4% higher while Japan's Nikkei slumped 0.7%.

Brent crude for was down 48 cents, or 1.9%, at $25.09 per barrel, WTI was up $38.99 in thin trade at $1.36 a barrel

NYMEX May WTI settled at minus $37.63/b, down $55.90 from Friday.

Brent was down $1.12, or 4%, at $26.96 a barrel, WTI fell $4.79, or 26.2%, to its lowest since March 1999 at $13.48,

Schlumberger GAAP loss per share, including charges of $5.57 per share, was $5.32

U.S. Rig Count is down 73 rigs from last week to 529, Canada Rig Count is down 5 rigs from last week to 30

Brent rose by 50 cents, or 1.8%, to $28.32 a barrel, WTI tumbled by $1.27, or 6.4%, to $18.60