WTI crude oil price drops below $ 21 per barrel

US, WASHINGTON (ORDO NEWS) — WTI crude oil price drops below $ 21 per barrel. World oil prices fall on Wednesday by 13-21% to lows for 17-18 years, according to trading data.

As of 17.36 UTC, the price of May futures for WTI crude oil decreased by 22.8%, to $ 21.1 per barrel. WTI crude oil fell to a minimum since March 1, 2002.

Also the cost of futures for Brent crude oil for delivery in May 2020 during trading on the ICE exchange in London fell by 13.3%, reaching $ 24.9 per barrel, follows from the trading platform at 17:37 UTC.

The last time oil of this grade was at this level in May 2003.

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