Bloomberg monitored the largest declines in the history of Brent crude in history, issued on January 17, 1991, when it decreased by 34.8%.

On the ninth of March this year, Brent crude witnessed a trend to record its second largest daily decline ever, from the 1991 Gulf War, with a decline of more than 31% after OPEC and its allies have failed to agree to increase production cuts, along with the impact of the Corona virus outbreak around the world.