Shares skid after oil prices dip into negative territory

Asian shares skidded on April 21 after U.S. oil futures plunged below zero with storage for crude nearly full as demand collapses due to the pandemic.

Shares fell in Tokyo, Hong Kong and Shanghai and New York stock futures retreated after the S&P 500 sank 1.8% overnight, giving up some big gains from last week.

World Oil Prices Continue to Go Down

World oil prices continue to go down, with the WTI down to $ 23 a barrel - a price the market last saw on March 6, 2002.

As of 7:19 pm Bulgarian time, the price of the May futures of the Brent North Crude fell to 11.7% to $ 25.37 a barrel. The price of the May futures of WTI oil fell 17.23% to $ 22.62 a barrel.

Oil prices down with lost gains after Trump's comments

Crude oil prices were down on Jan. 8 having lost gains recorded in the previous sessions after U.S. President Donald Trump's comments to calm tensions in the Middle East.

"Iran appears to be standing down, which is a good thing for all parties concerned," Trump said on Jan. 8 amid Iran's attack on two locations in Iraq earlier in the day.

Oil prices up 2 pct as Middle East tensions escalate

Crude oil prices were up around 2 percent at trading start on Jan. 6 with escalated tensions in the Middle East risking secure crude oil supply from the region.

International benchmark Brent crude was trading at $70.17 per barrel at 0630 GMT for a 2.3 percent jump after it closed on Jan. 3 at $68.60 a barrel with a 3.55 percent increase in intraday trading.