Oil prices are correcting after yesterday's drop to next lows. Brent rose 1.48% today at 8:10 am to $ 26.81, WTI added 4.83% and traded at $ 21.06. Yesterday, quotes of both brands reached their lowest values ​​in 17 - 18 years. Brent for the first time since April 2003 fell to $ 23.06, while WTI broke the $ 20 level, which has not happened since February 2002. The negative dynamics was provoked by a drop in demand for black gold "in the world against the background of the coronavirus problem - according to Senior Commodities Analyst, Schneider Electric Robbie Fraser, this is now the main factor. As show calculations of some experts, demand for several weeks decreased by 20 - 25%. Fraser believes that negotiations between Russia and Saudi Arabia on limiting oil production could not correct the situation on market, the increased supply of Saudi raw materials will not help either at low prices. According to experts, the volume of reserves of "black gold ”in the world have already filled 75% of oil storage facilities.