Crude Oil Prices Continue to Decline Significantly

International crude oil prices have plummeted, with June futures for WTI and Brent dropping by 30-40%. U.S. crude oil futures for May rebounded slightly to close just above $9 per barrel.

Arirang News92 views0:41

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국제유가 또 대폭락…'믿었던' 6월물 WTI•브렌트유도 30~40%↓

U.S. crude oil price futures for May rebounded Tuesday,... to finish trading just over 9 U.S. dollars a barrel.
However,... the futures price for June fell well below the 20 dollar range it posted the day before.
It was a highly volatile day for U.S. crude prices,... as June's future prices rose as high as 22 dollars 58-cents,... and saw a low of 6 dollars-50-cents.
At the closing bell,... it finished at 11 dollars 57 cents,... down more than 43-percent from a day earlier.
The global benchmark Brent also saw a sharp drop in its June futures,... falling below 20 dollars a barrel.

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Apr 21, 2020

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