the Price of WTI oil with the supply in may fell by more than double (131%) — to 7.89 per barrel, according to the London Intercontinental exchange (ICE). This is the lowest cost in the history of the brand.
the Impairment of the may futures due to the fact that from-for falling of demand in connection with the quarantine of oil there are no buyers that would be willing to accept its delivery on Tuesday. In the US, almost no free places in the storage tanks.
crude oil Futures WTI and Brent with delivery in June has fallen in price not so considerably — by 10.41% and 5.56%, respectively (one-22.67 and 26,60 USD per barrel).
the International energy Agency (IEA) predicted that oil demand this year will fall by a record 9.3 million barrels per day, and by the end of April — by 29 million barrels a day.
last week, the IMF predicted the worst decline of global GDP since the great depression. According to the forecast of the International monetary Fund, the recession in 2020 will be recorded in 157 countries out of 194. Total global GDP losses from epidemiological crisis can reach 9 trillion dollars, said the report.
today, the IMF has received requests for emergency financial assistance from 103 countries, and the Fund's Executive Board will consider about half of these requests by the end of this month, said the managing Director of the IMF Kristalina Georgieva.
the IMF said earlier this month that the coronavirus pandemic, the extent of whose consequences are still unclear, have put the global economy on the brink of a very major crisis in almost a century.
