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5/10, 6:02 PM (Source: TeleTrader)
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Oil prices fall further, WTI goes under $100 per barrel

The prices of oil futures extended losses on Tuesday, with West Texas Intermediate (WTI) falling under $100 per barrel at 11:51 am ET. The growing worries over the future of the global economy seemingly continued to raise demand concerns in investors.

Meanwhile, natural gas prices jumped after Ukrainian gas operator OGTS announced earlier that from tomorrow it will be halting the transmission of natural gas through the Luhansk region.

West Texas Intermediate (WTI) for deliveries in June plunged 3.12% at 11:54 am ET to sell for $99.79 per barrel. A minute later, Brent for settlements in July plummeted 3.18% to go for $102.31 per barrel. The UK natural gas futures for delivery in June skyrocketed 10.75% to 142,550 pence per therm at 5:55 pm CET.

Baha Breaking News (BBN) / AY