Oil Price Slide Continues, Leaving Markets in Turmoil

The storm engulfing the oil market calmed Wednesday after prices had fallen to levels not seen since late last century.

Brent crude futures, the global benchmark for oil markets, climbed 2.2% to $19.77 a barrel in volatile trading, after sliding to their lowest since 1999 in Asian trading hours. West Texas Intermediate futures—the U.S. benchmark— slipped 0.3% to $11.53 a barrel, after plummeting 43% Tuesday to close at its lowest price in 21 years.

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Oil Price Slide Continues, Leaving Markets in Turmoil

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