US, WASHINGTON (ORDO NEWS) — World oil prices are falling, while Brent crude is cheaper by more than 5%, according to trading data.
As of 14.41 UTC, the price of May futures for North Sea Brent crude oil drops by 5.58%, to $ 24.87 per barrel, May futures for WTI crude oil – by 4.34%, to $ 21.62 per barrel.
The decline in oil prices accelerated on Friday after the Saudi Ministry of Energy announced that the kingdom was not discussing with the Russian Federation an increase in the number of OPEC + participants, and was not negotiating to balance the oil market.
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