Barrel of Brent oil falls 4.2% – Observer


The barrel of Brent oil for delivery in May 2020 opened this Thursday low, at $ 26.55 on London’s Intercontinental Exchange Futures (ICE), down 4.2% on Wednesday.

North Sea oil, a benchmark in Europe, ended Wednesday’s session at $ 27.72 after Washington announced the $ 2 billion economic stimulus package (about 1.8 billion euros) , the largest in the history of the United States.

The value of oil has declined in recent weeks due to concern about demand, at a time when governments around the world are taking drastic measures to maintain “social distance” as a way to contain the Covid-19 pandemic.

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