Brent crude declines a day after collapse of US crude

Brent crude futures fell today as Monday and Tuesday were one of the most turbulent days in the history of oil trading, after the outbreak of the coronary virus epidemic Covid 19 affected global demand for oil amid ample crude stocks.

After US crude fell for May on Monday in the negative region for the first time in history, on Tuesday it set a new milestone as more than two million US crude contracts were changed for delivery in June, the busiest day in history.

Brent crude futures for the global benchmark for June delivery fell 24% to $ 19.33 a barrel, its lowest level since February 2002, and West Texas Intermediate U.S. crude for June fell 43% to $ 11.57 a barrel.