The price of Brent crude fell below $56

Photo: wiseGEEK

The last time the price of oil was below $56 per barrel on February 13.

The cost of the futures on Brent crude for delivery in April 2020 on the ICE exchange in London fell by 4.38% to $55,62 per barrel, according to the auction at 19:15 in Minsk.

Prices are down on fears of the spread of coronavirus outside of China, primarily in Europe. According to experts, the panic that began in Italy, can capture the neighbouring countries, which further put pressure on the quotes of “black gold”.