Brent oil quotes on Tuesday, April 21, in the afternoon decreased from $ 25 to levels below $ 20 - at 12.30 Moscow time, Barrelle cost $ 19.15. The last time this price level was observed in 2002.

By 13.00 Moscow time, Brent went to $ 21, which is almost 20% lower than the closing price.
The fall of Brent followed the historically unprecedented collapse of the quotes of the expiration of May's futures WTI in a negative area.
In the afternoon, the June WTI collapsed by 40%, to the levels of $ 12 per barrel. By 13.20 Moscow time, she partially played a fall - to the level of $ 16 - and entrenched at this level.
Russian oil in northwestern Europe in the afternoon dropped below $ 9-this is the level of 1998. The Russian export mixture already concerned such levels in early April (before the OPEC+transaction), which corresponded to negative export prices.
The dollar exchange rate on Tuesday around 12.30 Moscow time exceeded 77 rubles.

They talk about it

“If we do not see the growth of demand in the near future, it is likely that the June futures are waiting for the same fate” as American storage facilities fill out, Bloomberg told the ING NV strategist in Singapore Warren Paterson.

The press secretary of the President of Russia Dmitry Peskov today urged “not to associate with the current dynamics of changes in oil prices” yesterday's collapse of futures. According to him, a “whistle with futures” is a speculative moment that does not deserve an “apocalyptic coloring”.

https://twitter.com/m_paulmcnamara/status/1252533525263331329

Brent quotes went below $ 20 per barrel

They talk about it