The cost of Brent crude oil futures during trading on the London ICE fell over 8% up to $30,97 for the first time since February 2016, Kommersant reported.

The May futures price for WTI was $ 29.86 per barrel (down by 6.26%).

May Brent crude futures were priced at $ 31.82 per barrel (down by 6%), while WTI crude oil futures were at $ 30.77 per barrel (down by 4.17%).