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International oil prices plunged again during the night, making the price of crude oil from the United States the first negative ever. Even if you give a lot of money, you will sell oil. According to an analysis that the demand for crude oil in the United States will soon saturate as the demand for crude oil drops sharply due to the corona19, it overlaid until the expiration date of the futures for May.

Correspondent Sohn Seok-min reports in Washington.

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Next month, the price of heavy milk in West Texas for delivery fell negatively.

Oil prices, starting at $ 17 a barrel, fell sharply in the afternoon and eventually closed to minus $ 37.63.

It is the first time that the US oil price has been negative because it would sell oil even after giving extra money.

With the prospect of over 500 million barrels a day, US storage space will soon bottom out, and it was crucial that the expiration date of the future is one day ahead.

[CNN Broadcast Editor: This is because the United States is experiencing an oversupply of 500 million barrels a day, and many predict that storage capacity will be exhausted within a month.]

However, oil prices for delivery since June are $ 20-30 per barrel. Maintaining the good.

Although there are many analyzes that this is a distorted price, the decline in global demand due to Corona 19 is so large that the volatility of oil prices is expected to be extreme in the future.

The New York Stock Exchange also fell under all three indices due to oil prices.

The Dow index composed of superior stocks fell by 2.44% and the Nasdaq index centered on technology stocks fell 1.03%.