The price of futures contracts of Brent crude oil for May 2020 delivery lost 7.9% on London's ICE to $25.01 per barrel, according to the trading data as of 2:16 am (GMT+4), Trend reports citing TASS.
The price of futures contracts of WTI crude oil for April delivery is down 7.5% trading at $21.06 per barrel.
The oil price drop follows reports on continuing growth of the number of coronavirus infection cases and the appearance of new sites of the disease.