US oil contracts for June delivery fell below 10 dollars

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Sky News satellite reported, in an urgent news, a little while ago, that US oil contracts for June delivery expand its losses and fall 52 percent to $ 9.74 a barrel.

Russian Energy Minister Alexander Novak said that the world oil markets will remain under pressure until the OPEC + agreement comes into effect in May, oil producers outside the group will reduce their production and the isolation measures related to the outbreak of the Corona virus will be eased.

Novak added, in a statement on Tuesday, that OPEC + is closely monitoring the situation and has the ability to respond if necessary.

And he said, there is no need to dramatize the recent sharp fall in US oil futures prices.

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