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.