(22 April 2020)DAILY MARKET BRIEF 1: Eyes on US crude inventories data as weak prices spill to June contracts.

<p>Equities in Europe and US fell about 3-4% on Tuesday, as plummeting oil prices dented the investor appetite. The sell-off continued in Asia, though at a slower pace.</p>
<p>Activity in FTSE (+0.18%) and Eurostoxx (+0.22%) hint at a flat-to-positive start in Europe on Wednesday, but energy stocks will likely remain unloved on disquieting volatility in oil markets.</p>
<p>Large trading volumes caused substantial price swings in the WTI June contract yesterday. Though the roll over crisis is behind, the downside pressures have well spread beyond the May contract that expired yesterday and the anxieties over too plenty of oil are here to stay. Trading halted three times to contain the wild swings in New York yesterday. WTI June contracts settled near the $10 a barrel mark at the time we are writing these lines.</p>