Four things to know about the historic oil price plunge

Crude treated like 'garbage' shows turmoil in world's largest commodity market

20200421 Oil USA

A crude oil pump jack and flare burning excess gas in Texas. A key U.S. oil price contract turned negative for the first time on Monday. © Reuters

RURIKA IMAHASHI, Nikkei staff writer

TOKYO -- Even in a world becoming more used to the convulsions of the coronavirus pandemic, the breakdown in oil trading -- turning the price negative for the first time in history on Monday, followed by more turmoil on Tuesday -- has been astonishing.

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