US, WASHINGTON (ORDO NEWS) — WTI North American crude for May delivery closed the last trading day on the New York Mercantile Exchange (NYMEX) at 124.07% to $ 10.01 per barrel, trading data showed on April 21.
At the previous trading session, for the first time in history, the indicator showed negative values , collapsing at the end of Monday trading by 300%, to minus $ 37.63 per barrel.
June WTI crude oil futures fell 43.4% on Tuesday to $ 11.57 a barrel. During the auction, the indicator fell to $ 6.55 per barrel.
The price of the North Sea Brent crude oil for delivery in June, following the results of trading on the London ICE, fell by 24%, to $ 19.33 per barrel. During the auction, the cost of raw materials of this brand reached a minimum since 2001, dropping to $ 17.52 per barrel.
On Tuesday, several OPEC + ministers who signed an agreement to reduce oil production held an informal teleconference to discuss the current “dramatic market situation” of the industry.
Oil prices began to fall on April 20 amid fears of a further reduction in demand and the early filling of oil storage facilities.
The price of WTI with delivery in May fell to negative values for the first time in the history of trading. The price of May oil futures for this brand by the end of trading on the NYMEX fell by almost 300%, to minus $ 37.63 per barrel.
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