Brent crude oil price down 7.9% on London's ICE / News / News agency Inforos
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Brent crude oil price down 7.9% on London's ICE

Brent crude oil price down 7.9% on London's ICE

The price of futures contracts of Brent crude oil for May 2020 delivery lost 7.9% on London's ICE to $25.01 per barrel, according to the trading data as of 1:16 am Moscow time.

The price of futures contracts of WTI crude oil for April delivery is down 7.5% trading at $21.06 per barrel, TASS reports.

The oil price drop follows reports on continuing growth of the number of coronavirus infection cases and the appearance of new sites of the disease.

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