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KIEV April 22. UNN. Brent crude futures with June delivery on Wednesday morning fell below $ 16 a barrel, the lowest since December 1999, during trading. UNN with reference to ICE data from the London Stock Exchange.
Thus, according to ICE, the price of Brent crude fell to $ 15.99 on Wednesday. per barrel
According to MarketWatch, oil futures fell sharply on Wednesday when the energy industry faced constant pressure due to a lack of space to house excess oil and excess commodities.
June Brent crude fell 12% to around $ 16. a barrel, which puts the contract at its lowest point since 1999. The drop came after Brent crude prices reached their lowest levels since February 2002 and marked the steepest decline since January 1991.
Currently, according to Bloomberg, as of 7:59 p.m., the value of Brent oil futures has fallen to $ 16.42 per barrel, up 15.05%.
At the same time, the June futures price for WTI oil rose to $ 10.01 per barrel, adding 126.60%.
