WTI futures crushed to $0.01/bbl

By Trend

WTI oil futures with delivery in May 2020 collapsed by almost 100% to $0.01 a barrel on the London-based ICE on Monday, Trend reports citing TASS.

WTI oil prices reached the zero level for the first time in their history. At the same time, WTI oil futures with the settlement in June lost 14.1% to $21.5 a barrel.

May futures for the WTI oil expire on April 21.

22:19 (GMT+4) WTI oil futures with delivery in May 2020 plummeted by 94.4% to $1.02 a barrel on the London-based ICE on Monday, Trend reports citing TASS.

WTI prices dropped below the level of $2 per barrel for the first time in their history. At the same time, WTI oil futures with delivery in June lost 13.1% to $21.75 a barrel.

Brent oil futures went down by 6.9% to $26.13 per barrel.

The dollar rose by 1.3% to 74.98 rubles during the trading session on the Moscow Exchange. The euro added 1.4% reaching 81.47 rubles.