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US oil price turns negative for first time in history

Xinhua/Agencies | Updated: 2020-04-21 10:15
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US oil prices plunge to negative territory on dual demand-supply shock. [Photo/Agencies]

Shanghai crude oil futures open lower

Crude oil futures opened lower Tuesday in daytime trading on the Shanghai International Energy Exchange.

The most active crude oil contract for June delivery was down 7.7 yuan ($1.09) to open at 233 yuan a barrel.

China launched the crude oil futures trading, which is open to overseas investors, in March 2018.

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