Price for WTI May Futures Falls by Over 25% Below $14 for Barrel for 1st Time in 21 Years

MOSCOW (Sputnik) - The price for WTI oil futures for delivery in May has fallen below $14 for barrel for the first time since March 1999, trading data showed on Monday.
Sputnik

As of 1.10 p.m. Moscow time (10:10 GMT), the price for WTI May futures was falling by 25.62 percent to $13.59 for a barrel, which is the lowest level since March 1999.

At the same time, the price for Brent oil futures for delivery in May is falling by 3.85 percent to $27 for a barrel, and the price for WTI futures for delivery in June is decreasing by 8.67 percent to $22.86 for a barrel.

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