Oil prices have fallen to their lowest since late February amid Russia’s negotiations with Ukraine and concerns about demand from China, Forbes writes.

The dollar and euro rates at the opening of trading are down by more than 1%: to 112.5 rubles and 118.61 rubles, respectively.

In the morning of March 15, May futures for a barrel of Brent cheapened by more than $6 (minus 6.4%) – to $100.05. The cost of WTI oil fell below $100 per barrel for the first time since March 1, losing $6.31 and falling to $96.7 per barrel.

As of 09:50 MSC, Brent was down 5.9% to $105.2 per barrel, according to data from London’s ICE exchange. WTI oil was trading at $97.1 per barrel, cheapening by 5.7%.