Dec 31, 2020
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In 2020, oil prices fell by 20% due to the pandemic

World oil prices showed a decline in trading on Thursday afternoon. As of 12:39 Moscow time, the price of March futures for Brent crude oil fell by 0.35% – to $ 51.45 per barrel. February futures for WTI dropped 0.33% to $ 48.24 per barrel.

It is noted that since the beginning of the year, amid the coronavirus pandemic, quotations have fallen by 21-22%. In early 2020, oil was worth more than $ 60 per barrel.

how write RIA Novosti, the strongest monthly drop in oil quotations in a year was recorded in March, when the OPEC + countries could not agree on either changing the parameters of the agreement to cut oil production or extending it. As a result, on March 6, oil prices fell by 10%, and on March 9 – by 25%. After the announcement of the pandemic, the decline in quotations continued. In March, WTI and Brent crude oil fell in price from about $ 44 and $ 49 to $ 21 and $ 23, respectively.

On April 20, WTI crude oil for delivery in May for the first time in history fell to negative values ​​- minus $ 40.32 per barrel.

Earlier, reported that the dollar gained 20% against the ruble in 2020. The euro rose 32%. The exchange rate was affected by the coronavirus pandemic, the weakening of investors for the entire group of risky assets in the outgoing year, as well as the aggravated geopolitical background.

At the end of the last trading day of the year, as of 23:54 (Moscow time), the dollar rose by 0.51%, to 74.415 rubles, the euro rose by 0.93%, to 91.518 rubles.

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