FX.co ★ Trader's Diary for April 21, 2020. US oil plunges below $0

U.S oil price plunges to less than $0 per barrel on April 20.

This oil situation in the USA gives very negative prospects for the oil market. The oil contract for May delivery stopped trading on Monday. As for June contracts, Brent oil so far is held at levels of 20-25 dollars.

In Russia, the budget has been adjusted based on the oil price of 42-45 dollars. Therefore, the price level of 25 dollars leads to a fall in the Russian market.

You can buy the dollar and the euro just below the current price.