Oil prices fell below $32 amid lack of OPEC agreement

Trading on the London ICE Exchange showed a fall in the price of May Brent oil futures to $31.31 per barrel. As of 01:20 Moscow, futures prices for May 2020 stabilized at 36.45, showing a 24.2% fall. The decline in oil demand is recorded against the background of the spread of coronavirus infection, but OPEC countries were unable to agree on an additional reduction in world oil production at the Vienna talks.

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