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Yesterday (21st) International oil prices, which recorded the first minus in history, plunged two days in a row. President Trump has said he will purchase and stock up large quantities of crude oil, and will also finance the collapsing energy industry.

Reporter Hye-kyung Jeong reports.

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June, US West Texas oil fell 43% more than the previous day.

It was a two-day plunge following the oil price in May, when it was negative for the first time ever.

Starting at $ 20 a barrel the day before, the price of Texas oil in June shrank to $ 6.50 intraday and closed at half the level at $ 11.57.

Brent oil prices in the UK, the basis for oil prices worldwide, also fell below $ 20 per barrel intraday, hitting the lowest in 18 years.

It is an analysis that the prospect that the situation will prolong for a long time will stimulate future traders' buying sentiment, as the real demand of related industries such as oil refinery and aviation has virtually disappeared due to the Corona 19 crisis.

[Rangis Raja / Crude Oil Market Analyst: This crude oil price stream is likely to hurt the economy directly with unemployment.]

Following President Trump's announcing that he would buy 75 million barrels of crude oil the day before, US In a tweet, the Ministry of Finance and Energy have instructed the government to come up with a funding plan.

A global consulting firm analyzed that 50,000 jobs related to drilling and refinery had actually disappeared in a month in March.