U.S. crude futures dived into negative territory for the first time in history this week amid concerns that there is not enough global storage for a market decimated by collapsing demand amid widespread lockdowns and travel bans due to the coronavirus pandemic
Major indexes were mostly stronger this week, as investors weighed record downturns in economic data against hopes that progress in containing the coronavirus pandemic may soon result in the partial reopening of economies.
Markets got off to a strong start for the week, with growing hopes that coronavirus deaths were beginning to decline in parts of Europe.
Major indices across the globe closed lower for the week, rounding off their worst quarterly performances since 2008.