The price of oil dropped to the level of 2016

the Cost North American oil WTI dropped to 30.12 per barrel. Both varieties after some time, a little pared losses and is now trading Brent – 31.2 dollars per barrel, and WTI – 30.4 dollars per barrel.

Photo: Ilya Pitalev/RIA Novosti dollar exchange Rate exceeded 75 rubles

oil Prices began to decline from the beginning of the year due to the reduction of consumption of “black gold” in the epidemic of the coronavirus. An additional impetus to the fall in oil prices was the collapse of the deal on the reduction of oil production OPEC+. The countries participating in the reduction failed to agree on further joint action. From 1 April this year, commitments to reduce production of more no one.