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Find all the economic and financial information on our Orishas Direct application to download on Play StoreOil prices fell sharply on Thursday at the turn of the US opening. WTI and Brent lose up to 4% of their value.
Never this year have Brent and WTI experienced such losses at the close.
Around 3:05 p.m. GMT (4:05 p.m. in Paris), a barrel of Brent from the North Sea for delivery in May was worth 65.34 dollars in London, down a sharp 3.91% from Wednesday's close.
In New York, the American barrel of WTI for April dropped 4.10%, to 61.95 dollars, while it was trading at more than 65 dollars the day before.
The two benchmark contracts accentuated their losses on Thursday, dropping up to 4.5% during the session.
Rystad's Louise Dickson says the negative sentiment was sparked by doubts in Europe over the AstraZeneca vaccine and crystallized after US stocks rose.
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