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June WTI and Brent Oil futures fell bellow $10 and $18

June futures for North American WTI oil fell below $10 per barrel, according to trading data on April 21.
Oil of this brand fell including by 68%, to $6.57 per barrel.

june WTI oil


As of 21:05 Moscow time, WTI oil is worth $9.60 per barrel.


Earlier in the day, the price of WTI oil for delivery in June fell to $10.90 per barrel $11 per barrel raw materials of this brand cost in 1998.


On the new York Mercantile exchange NYMEX, the price of WTI oil for delivery in June is $11.39 per barrel.

For the first time in history, this brand of oil showed negative values on April 20. Then the price of may futures for WTI oil by the end of trading on the NYMEX fell by almost 300%, amounting to minus $37.63 per barrel.


The may contract for WTI expired on April 21. The June oil contract fell by 18.3% to $20.03 per barrel at the end of trading on Monday.


The next morning on the London ICE exchange at 07:54 GMT, the price of the June WTI oil futures rose by 4.8% and reached $21.41 per barrel. Then it dropped to $20.66 per barrel.

US President Donald trump called the drop in oil a short-term phenomenon that is caused by financial pressure. According to him, the current oil prices will fully fill the country’s reserves.

Also Brent oil fell below $18 for the first time since 2001, according to trading data on April 21.

The price of Brent oil futures for delivery in June 2020 on the LONDON ice exchange fell by almost 30%, falling to $17.62 (21: 10 GMT) per barrel.


In parallel, June WTI futures also accelerated their decline and reached the level of $7.15 per barrel.


Earlier in the day, the price of oil fell below $19 per barrel for the first time since February 2002.

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AJAYI Temitope Samuel, A blogger by profession for the past 5 years. He studied Political Science at the Ekiti State University, Ado Ekiti, Contact: +2348137451665 Twitter: @iamtemitopesam,

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