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Price of Brent oil falls more than by 7% and WTI by 6.4%

12.03.2020,17:11


March 12, Fineko/abc.az. In today's trading the oil prices accelerated their decline because of growing fears that the demand for oil is expected to fall.

The price of May’s Brent crude futures at the London ICE Futures Exchange fell by $2.56 (7.15%) to $33.23 per barrel by 15:30 pm.

WTI crude futures for April at the New York Mercantile Exchange (NYMEX) fell by $2.13 (6.46%) to $30.85 per barrel by 15:30 pm.