WTI crude oil rebounds after a dramatic sell-off

Crude oil prices rebounded sharply on Tuesday, a day after prices plunged below zero.

This came as a shortage of storage supplies for crude oil saw prices turning negative.

Part of the reason is also the front-month contracts that are due to expire.

Price action is now back above zero and broke past the 11.00 price level to high a high of 20.50, before pulling back.

A retest of the 11.00 level could suggest some stability in prices for the moment.