The price of May Brent oil futures on the London ICE stock exchange accelerated its decline to 6.8% and dropped below $ 64 per barrel, to $ 63.31, according to the data of the trading floor so far.
The last time the Brent price was below $ 64 per barrel was on March 4, 2021.
The price of WTI crude oil futures is losing 7.45% and is at $ 59.81 per barrel.