Crude oil futures, panic selling in June-WTI crude oil temporarily fell 42%

The oil market meltdown has continued for 21 days. Space for storing sloppy crude oil is running out worldwide, and sales of crude oil futures expanded beyond the contract month due to technical factors.

The New York Commercial Exchange (NYMEX) West Texas Intermediate (WTI) May contract set a negative price for the first time in history on the 20th. Panic sales expanded on June 21 during the month of June, temporarily dropping 42% to $ 11.79 / barrel.

(Source: Bloomberg)

Crude oil concerns continue.

From here, continue to buy USDCAD. However, the stop moved to 1.4052 near the quoted price.

Selling of US stock S & P500 (CFD) also continue.

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