The oil market has set a minimum price since the beginning of the century

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    Market collapse

    On April 22, the price of Brent crude oil fell below $ 16 per barrel, which is the lowest value since the beginning of the 21st century. The previous time such prices for black gold were in 1999.

    During the day, the market recovered and Brent returned to $ 20. The reason for this was the statement by Donald Trump about the development of a plan to support the oil industry, as well as the news about the meeting of OPEC + countries in order to prematurely begin an agreement to reduce production.

    Recall that on April 20, futures for the WTI brand went into the negative zone, which was the first case in modern history.

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