The price of Brent crude oil fell below $ 16 a barrel for the first time since 1999
International prices of petroleum products on Wednesday morning, falling to 3-12%, Brent fell to a minimum with the eleven Dec 1999 - below 16 dollars a barrel, inform the data exchanges.
International prices of petroleum products on Wednesday morning, falling to 3-12%, Brent fell to a minimum with the eleven Dec 1999 - below 16 dollars a barrel, inform the data exchanges.
position 7. 34 GMT the cost of June futures for North sea petroleum mix of mark Brent falls to 12% to 16, 85 dollars per barrel. Minutes before price fell to the level of fifteen, 99 dollars per barrel. June futures for oil of mark WTI fall to 3, 54%, to eleven, 19 per barrel.
on the first day of the week may futures of WTI for the first time in the history of the left into negative values to minus 37 dollars per barrel. Yesterday, June futures for WTI and Brent also dropped.
Pandemic COVID-19 provoked a record drop in oil prices because of lower demand for raw materials. Negative for the market was also influenced by the lack of agreement of OPEC . The deal was to conclude only in the middle of the month, which helped to stabilize the situation on the market, but then prices started to decline again.
on the background of the coronavirus and excess raw materials in OPEC and international energy Agency expects record fall in the demand for petroleum products In the current year.
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