WTI crude prices plunged near 21% to a session low of $14.47 a barrel on Monday, a level not seen since March of 1999 as investors worry that storage facilities in the US, specially at Cushing, Oklahoma which is the main delivery point in the US for oil, will run out of capacity. Global oil consumption is estimated to have fallen by 30% amid stay-at-home restrictions and business closures due to the coronavirus outbreak.