US crude oil futures continued to trade below zero, today, as concern grew the sector will run out of storage for a glut caused by the coronavirus lockdown. US crude futures had tanked nearly 40 dollars below zero, yesterday.

So the US crude futures for May delivery traded at minus 2 dollars and 58 cents a barrel. The more-active June contract slipped 23 cents, to 20.20 dollars a barrel. Brent crude oil futures for June delivery lost 3 dollars and 22 cents, or 12.6 percent, to trade at 22.35 dollars per barrel.

Restrictions on movement to try to contain the novel coronavirus have reduced oil demand by an estimated 30 percent, resulting in a huge surplus of crude in need of storage.