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An oil pump jack in an oil field near the city of Almetyevsk. (Photo Credit: Yegor Aleyev/TASS)

Brent oil futures with delivery in May 2020 fell by 13.3% to $24.9 a barrel on the London-based ICE on Wednesday.

Brent prices were below $24 per barrel last time in May 2003.

WTI futures prices lost 21.3% down to $21.5 a barrel, down to March 2002 level.

Source: TASS, March 18, 2020