[size=36]Oil prices are the worst quarterly performance in history[/size]
The two crude lost about two-thirds of their value during the past three months, and most of the declines came last March in light of the decline in global demand for fuel due to travel restrictions imposed due to corona.
Major dealers and banks expect demand for crude to decrease between 20% and 30% this April, with weak economic activity in the world.
Michael Tran, managing director of energy strategy at RBC Capital Markets, said, "The unprecedented pace of demand crashes forced refineries, worldwide, to cut production, leaving barrels from the United States to the North Sea to Asia looking, to no avail." About Maui. "
The markets received some support from the statements of US President Donald Trump, who said at a press conference yesterday that the United States, Russia and Saudi Arabia will work together to deal with the collapse in oil prices.
On the trading front, a barrel of Brent mix was traded today at 08:13 Moscow time, at $ 22.74, a 0.09% decrease from the previous settlement price, while US crude fell 0.88% to $ 20.30 a barrel. Ended / 29 / p