The cost of May futures for Brent crude oil fell below $74 a barrel for the first time since December 22, 2021, according to trade data on the website of the London Stock Exchange. ICE Futures.
As of 18:59 Moscow time, the barrel price was $73.31 and continued to fall every minute. The decline in oil prices started at 13:34 Moscow time on March 15 at $77.67 per barrel.
During the same period, WTI for April delivery fell from $71.75 to $67.21 per barrel.
Previously reportedOn March 15, the price of Brent crude oil fell in half an hour until the end of 2022. For the first time since December 21, 2022, the price of a barrel fell below $76.
Oil prices fall despite OPEC+ countries falling significantly lowered Cumulative production is about 3 million barrels per day lower than August 2022 for several months in a row.