The price of American WTI crude oil fell below eleven dollars per barrel for the first time since December 1998, informed the auction. at 16: 26 (GMT) Price of may futures for WTI dropped to 40, a 5% to 10 87 dollars per barrel, while the June futures, which are assumed to bargain about a month, lost eleven, 11% - up to 22, 25 to the dollar. the price of the June futures for North sea Brent blend fell by 6, 2% - to 26, $ 4 per barrel. Today the Price on may futures WTI reached 12, 48 dollars per barrel, breaking the record 21 years ago. on the backdrop of the spread of coronavirus disease, which affects more than 2, 4 million people in the world, the vast majority of countries have introduced quarantine, closed the borders and restricted the movement of its Inhabitants. this fell the demand for petroleum products, and in March the member Countries of OPEC are unable to extend consensus on production: Russia insisted on maintaining the prevailing conditions, and at the same time, Saudi Arabia was intended to further reduce the design by half a million barrels per day. As a result, prices for petroleum products declined more than twice during the period from January of this year and broke records 18 years ago. in recent weeks, the quotes were recovered in the beginning of a new OPEC meeting . Member countries of the organization for the results of the video conference April 12 agreed on production cuts of 9. 7 million barrels per day. However, as reported by analysts of the international energy Agency, the agreement OPEC is not able to compensate for falling demand in the world, but increases the probability of the cast to the beginning of the slump in the 2nd half. <span style="color:darkgray