Dated Brent falls below $20/b Monday, first time since Feb 2002

Dated Brent falls to lowest level since December 2001

Cash BFOE, Brent CFD contracts are in steep contango

Market participants remain concerned about oversupply and storage options amid shrinking global demand

London –
S&P Global Platts’ crude oil benchmark Dated Brent fell below $20/b for the first time since February 2002 on Monday.