MOSCOW, March 18. /TASS/. The price of futures contract for Brent crude oil with May delivery on London’s ICE fell by 2.75% reaching $27.9 per barrel on Wednesday.

The last time oil of this grade was at this level in January 2016.

The price of the WTI oil futures lost 4.9% and reached $25.96 per barrel, the level of May 2003.