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US oil futures end in green territory; OPEC discusses 'dramatic situation'

Oil's chaotic collapse deepened, and stocks around the world dropped on Tuesday as the economic carnage caused by the coronavirus pandemic turns markets upside down

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The Dow Jones Industrial Average fell 606 points, or 2.6%, to 23,047, and the Nasdaq was down 3.2%

BS Web TeamAgencies
A day after its historic slide into negative territory amid a supply glut, US oil futures finished in positive territory Tuesday although the market remained under heavy pressure. Futures of US benchmark contract West Texas Intermediate for delivery in May ended at $10.01 a barrel after finishing Monday's session at -$37.63 a barrel.

But WTI futures for delivery in June plunged 43 per cent to $11.57 a barrel, the lowest ever since the contract was established in 1983.

Oil's chaotic collapse deepened, and stocks around the world dropped on Tuesday as the economic carnage caused by the coronavirus pandemic