Canadian Natural Resources Minister: Deeply concerned about global oil markets

The Canadian Natural Resources Minister has expressed his concerns following today's rout in the oil market.

Key comments:

Deeply concerned about global oil markets situation, closely monitoring the situation.

Oil updates

The price of oil was under immense pressure on Monday in the US session. The price of the front-month oil contract just marked history, plunging about 300% to settle negative $37.63 a barrel.

• Oil Asia Price Forecast: WTI futures take a historic dive into negative territories, sub-zero

• Saudis mull applying oil cuts as soon as possible, time to buy oil?

• WTI contract expiring on Tuesday plunges into negative territory

More to come...