Brent oil price falls below $16 per barrel / News / News agency Inforos
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Brent oil price falls below $16 per barrel

Brent oil price falls below $16 per barrel

The price of June 2020 Brent oil futures has dropped by 17.33% on London’s ICE, reaching $15.98 per barrel, the data as of 07:35 Moscow time informs.

The price of WTI futures has dropped by 4.75%, reaching $11.02 per barrel, TASS reports.

The price of June 2020 Brent oil futures has dropped by 13.55% on London’s ICE, reaching $16.71 per barrel. This is the first time Brent drops below $17 since November 2001, the data as of 06:45 Moscow time informs.

Oil prices continue to drop amid the ongoing novel coronavirus pandemic.

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