Breaking – Oil Price Falls Below $30

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The price for Brent oil has fallen below $30 per barrel for the first time since February 2016 amid the global market turmoil, with oil prices falling by up to 12 percent, according to exchange data.

As of 4.32 p.m. Moscow time (13:32 GMT), Brent futures for delivery in May were down 12.05 percent to $29.77 per barrel, while May futures for Western Texas Intermediate (WTI) crude fell by 10.04 percent to $28.7 per barrel.

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