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On the Money: Anxiety over Crude, Product Inventories

There is fear that crude and product inventories held in storage will be filled to tank tops in the near term.

Even as governments worldwide are taking tentative steps towards reducing restriction on movement to help economies rebound, oil demand remains weak.

Logistical issues and doubts about maintaining the quality of the oil make producer skeptical of the plan.

Investors sold the May futures contract due to expire on April 21 in a series of waves. At one point the contract hit negative $40.

U.S. crude futures hit a low of $10.01/bbl, the lowest since 1986. Analysts said the sell-off was exaggerated by the contract's imminent expiry.

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