Oil prices took a bit of a nose dive from the middle of March , up to the end of March. Where prices per barrel had been near the $70, they fell sharply to nearer $62 per barrel for Brent crude futures in mid-April.
Jitters on the oil market re global demand was the main factor for the decline. With a fourth wave of coronavirus sweeping across Europe and doubts about the reopening for the air travel industry, demand prospects were dampened leading to a fall in price.
Price per barrel of Brent crude currently, at the end of April, stands at $65.
