Brent Oil Price Falls To 2003 Low
16/03/2020 17:40
Brent Oil Price Falls To 2003 Low
16/03/2020 17:40
Tashkent, Uzbekistan (UzDaily.com) - Oil prices fell sharply on 16 March. The price of Brent crude oil lost 12.7% and fell to US$29.55 per barrel as of 16:31 Moscow time. According to the ICE exchange, this is the minimum value since November 2003.
The cost of the May futures contract for WTI crude oil at 16:32 is reduced by 10.75%, to US$28.32 per barrel.
The fall in oil prices continues due to increased fears of a slowdown in the global economy and falling demand, along with growing raw material production.
$ 1 | 12697.00 | 0.000% |
1 | 13547.70 | 0.000% |
₽ 1 | 135.05 | 0.000% |