Brent crude falls below $50 per barrel for first time since December 2018

Brent crude falls below $50 per barrel for first time since December 2018
  • Clock-gray 14:00
  • calendar-gray 28 February 2020

Brent oil has sunk below $50 per barrel for the first time since December 2018, according to early trading on Friday, APA reports citing Sputnik.

According to trading data, global oil prices plummeted 4 percent amid market volatility caused by fears of the coronavirus spread.

Brent was at $49.64 per barrel as of 9:37 GMT which constitutes a 4.04% drop, while WTI dropped below the $45 mark to $45.04 per barrel.

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