Oil futures fell more than 20%

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The price of Brent crude oil reached $ 35.70 a barrel

Oil futures fell more than 20 percent to their lowest level since 2016 on Sunday.

According to “Reuters”, Russia had rejected on Friday, the “OPEC” proposal to make large cuts in production in order to stabilize prices damaged by the economic consequences of the Corona virus .. OPEC responded by canceling the restrictions imposed on its oil production.

Brent crude futures fell $ 9.57, or 21.1 percent, to $ 35.70 a barrel, at 22:16 GMT, while US West Texas Intermediate crude fell $ 8.62, or 20.9 percent, to $ 32.66.

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Oil futures fell more than 20%

Already

Oil futures fell more than 20 percent to their lowest level since 2016 on Sunday.

According to “Reuters”, Russia had rejected on Friday, the “OPEC” proposal to make large cuts in production in order to stabilize prices damaged by the economic consequences of the Corona virus .. OPEC responded by canceling the restrictions imposed on its oil production.

Brent crude futures fell $ 9.57, or 21.1 percent, to $ 35.70 a barrel, at 22:16 GMT, while US West Texas Intermediate crude fell $ 8.62, or 20.9 percent, to $ 32.66.

March 09, 2020 – Rajab 14, 1441

09:14 AM


The price of Brent crude oil reached $ 35.70 a barrel

Oil futures fell more than 20 percent to their lowest level since 2016 on Sunday.

According to “Reuters”, Russia had rejected on Friday, the “OPEC” proposal to make large cuts in production in order to stabilize prices damaged by the economic consequences of the Corona virus .. OPEC responded by canceling the restrictions imposed on its oil production.

Brent crude futures fell $ 9.57, or 21.1 percent, to $ 35.70 a barrel, at 22:16 GMT, while US West Texas Intermediate crude fell $ 8.62, or 20.9 percent, to $ 32.66.

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