Oil futures appeared to shrug off President Donald Trump’s promise Tuesday to develop a financial rescue package for oil and gas producers after Monday’s staggering selloff amid plunging demand and dwindling storage options. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “We will never let the great U.S. Oil & Gas Industry down,” Trump said on Twitter. “I have instructed the Secretary of Energy and Secretary of the Treasury to formulate a plan which will make funds available so that these very important companies and jobs will be secured long into the future!” A lack of US oil storage capacity led Monday to the front-month NYMEX WTI contract settling in negative territory at minus $37.63/b, down $55.90/b from Friday. The contract had never before traded in negative territory, and the previous record low front-month settlement was $10.42/b on March 31, 1986. At 1400 […]