Brent Crude Oil dropped to an 18-year low on 30th March, prompting a knock-on effect in the energy price market.
The commodity’s international benchmark fell by as much as 13% to a low of $21.65 a barrel. Meanwhile, the price of US West Texas Intermediate (WTI) fell below $20 a barrel and also closed to an 18-year low.
The global oil industry has faced a sharp drop in demand due to countries across the globe being on lockdown due to the coronavirus with prices falling by more than half in the past month.
Despite this, Saudi Arabia and Russia have agreed to flood the market with oil in April and a rise in the price of energy is expected on the back of this, certainly if you compare electricity prices and gas prices to those in March.
So, if you are looking to get a price for your gas or electricity (or both) while this window of opportunity within the market exists, then please get in touch with one of our sales team on 01225 867722 or email email@example.com.