On the 18th, international oil prices "dived" sharply, creating the most significant drop in nearly 20 years. At the close of the day, the cost of light crude oil futures delivered in April on the New York Mercantile Exchange closed at $ 20.37 per barrel, a decrease of 24.42%. The price of London Brent crude for May delivery closed at $ 24.88 per barrel, a reduction of 13.4%, The most substantial decline since June 2002 and November 2003, respectively. As of the evening of the 19th Beijing time, Brent crude was reported at the US $ 26.02 per barrel; the price of oil on the New York Mercantile Exchange was reported at the US $ 24.40 per barrel. "Middle East Economic Network," said on the 19th that the situation of international oil prices hovering at a low level is unlikely to change in the short term.
International oil prices have continued to fall, and Gulf oil-producing countries have been severely damaged, while some states in the world with significant demand for oil are good news.
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