The price of oil slumped again on Monday as the imbalance between too much supply and not enough demand continues to grow.
The North American oil benchmark, known as West Texas Intermediate, lost more than a third of its value, falling to $12.57 US a barrel.
That's the going rate for a barrel of oil to be delivered in June, which is currently the most commonly traded contract on the futures market that serves as a proxy for the value of actual oil.
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