U.S. oil futures traded in negative territory on Tuesday, after sinking nearly $40 the previous session in their first ever dive below zero, as concern grew the sector will run out of storage for a glut caused by the coronavirus lockdown. Global benchmark Brent crude also fell in response to the collapse of demand following reduced economic activity. U.S. West Texas Intermediate (WTI) crude for May delivery CLc1 traded at minus $2.58 a barrel by 0807 GMT, up $35.05 from Monday’s close when the contract settled at a discount of $37.63 a barrel. The slump in the U.S. contract was exaggerated by the looming expiry late on Tuesday of the front-month contract for delivery of oil in May when the lack of storage is set to be particularly acute. The more-active June contract CLc2 slipped 23 cents, or 1.1%, to $20.20 a barrel. June trading volumes […]