Futures for oil prices fell during the Asian session this morning. It shows us that the economic news today on the US dollar is scarce, while the United States is the largest producer and consumer of oil in the world. The global procedures for the spread of the Corona virus have led to a state of closure for all countries of the world and the stopping of the global economic movement, which contributed to a situation of global lack of demand for crude oil and disrupted the supply and demand system for oil for the first time in history. Projections indicate that oil producers will reduce production to the maximum degree possible.
This morning, oil futures contracts for June 2020 registered fifteen dollars and twenty one cents per barrel
Today, Brent crude futures for June 2020 recorded twenty five dollars and seventy-seven cents per barrel
