Futures for Brent crude oil for delivery in June 2021 on the London ICE exchange fell by more than five percent, to $61.58 per barrel as of 19:35 Moscow time.

By 19:39, the oil grade continued to fall in price, the indicator fell to the level of $61.51. Therefore, futures fell by 5.16 percent in comparison with the indicator observed at the closure of the last session.

Earlier, the IEA gave a forecast that describes the future of the energy market. It says that the recovery in oil demand to pre-crisis levels will not occur until 2023.