Oil's record-setting plunge spreads as June contracts fall 47%

Crude oil for May delivery emerged from negative territory on Tuesday, a day after hitting its lowest-ever level. 
WTI crude oil futures expiring in May traded as low as -$16.74 a barrel on Tuesday before flipping positive. The contract climbed to $8.10 a barrel at its intraday peak.
Overall selling pressure seeped into WTI crude contracts for June, which fell as much as 47%, to $10.92 a barrel. Brent crude slid 29%, to $18.10 at intrasession lows.
Oil demand has evaporated in recent weeks,