A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, US Nov 22, 2019. (Photo: China Daily)

NEW YORK, April 27 (Xinhua) -- US oil prices plunged on Monday.

The West Texas Intermediate (WTI) for June delivery shed 4.16 U.S. dollars, or 24.56 percent to settle at 12.78 dollars a barrel on the New York Mercantile Exchange.