As of 3:45 p.m. (GMT +4), the WTI crude price fell 16.71% to $14.11 a barrel, Report informs.
Brent crude went down 3.82% to $20.62 a barrel.
The quick decline in the WTI crude price was caused by concerns that Cushing storehouses in Oklahoma State will be filled soon.
On April 17, the US oil reserves reached 518.6 million barrels. The highest oil reserves in the country were recorded in 2017 – 535 million barrels.