The fall in the price of oil WTI up to the risks of oversupply of the commodity in the market. at 16: 05 (GMT) June futures lost 24%, to 12, 5 dollar. the price of July futures for North sea Brent blend fell by 6, 37% 23, $ 23 per barrel. The Cost of June contracts dropped by 6, 86% - up 19, 97 dollars per barrel. last week the price of mix WTI with delivery in may for the first time in history plummeted by 300% to minus 37, $ 63 per barrel, because the sellers tried to give up the extra oil because of the occupancy of storage. By the weekend, Brent crude fell by 23, 65%, WTI - by 7, 3%. Today the market opened a new drop. The prices of petroleum products very quickly collapsed in the eve of the March on the background of significant decrease in demand worldwide due to pandemic coronavirus, as well as after the collapse of the OPEC agreement , if the members are unable to come To a common opinion nor the extension of the agreement to reduce the production or to change its parameters. In the end, oil prices fell more than 2 times. later, 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 in may - June, at 7, 7 million in the 2nd half and by 5, 8 million next - until the end of April 2022. However, according to the international energy Agency, the agreement of OPEC , which starts to operate on 1 may, 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 of the year amid a surplus of raw material. <span style="color:darkgray