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Cheers. Welcome to the Real Vision Daily Briefing. It's Monday, April 20th. Yet another crazy day in markets. We've got our managing editor, Ed Harrison, standing by with Ash

Bennington, and they're ready to give you their macro analysis of everything that's going on.

But before we go to them, let's go over the biggest news in markets today.

All right, we're starting off with the biggest story.

Oil has plummeted to unprecedented lows.

Western Texas Intermediate is now trading at negative $37 a barrel. That's right, negative $37. If you have any

empty barrels lying around your house, there are producers and traders who will pay you to take

their excess supply off of their hands.

This is an unprecedented demand shock that puts all other gluts to shame.

The May futures contract is at negative $37,

while the June contract for next month,

that futures contract is at $21.

What a widespread.

This market is in extreme contango.

I'm sure Ash and Ed have a lot of thoughts on that.

...