Oil and gas prices fell nearly 4% on Monday, extending last week's losses as the trade war intensifies, raising concerns about an economic recession that will hit demand for oil and gas.
The price of Brent crude oil, from the North Sea, fell by 10.30%, or $4,3, to $2,88 a barrel at 62,72:4,6 a.m. Monday, while the price of US WTI crude fell by 2,9%, or $59,05, to $XNUMX a barrel.
Last week, oil prices fell by more than 10%.
Moreover, the price of European natural gas (Amsterdam) TTF, May contracts, plunged by more than 5,8%, to 34,28 euros per Megawatt-hour.
British natural gas prices also fell by 5,6% and American gas prices by 2,3%.
Source: KYPE
