BREAKING: Oil plunges 20%! Equities follow lower

Oil market continues to experience significant distress. One day after the front-month contract plunged over 300%, the active June contract is cratering more than 20%. OIL.WTI dropped to a low of $15.50, after nose diving 9% in less than 5 minutes. Equities are following lower with DAX trading almost 2% lower.

OIL.WTI craters after the market realizes there is no available storage left. Source: xStation5

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This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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