Oil giant Shell cuts its dividend to shareholders for the first time since World War II, following a dramatic slide in oil prices amid the coronavirus crisis.
plunged below zero to trade in negative territory for the first time in history last week. Trading volume was thin given it was the day before the contract’s expiration date, but, nonetheless, the move lower was extraordinary.
WTI futures had fetched more than $60 a barrel at the start of the year. A dramatic fall-off in demand as a result of the coronavirus outbreak has sent oil prices tumbling. On Thursday, the June contract of WTI traded at $16.55 per barrel, almost 10 percent higher for the session, while international benchmark
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