The price of Brent oil fell below $73 per barrel for the first time since June 28. writes about this TASS referring to trade data.
At 20:55 Moscow time, the price of February futures contracts of Brent oil fell by 4.02% to $ 72.96 per barrel, and the price of January WTI contracts fell by 4.25% or $ 68.28.
Analysts before this revised Forecasts for oil prices are on the rise.
5 December 2022 EU entry Seaborne oil supplies from the Russian Federation were embargoed, and G7 and Australian authorities set a ceiling of $60 per barrel. Since February 2023, similar restrictions have affected oil products ($100 and $45 per barrel). At the same time, Russia found ways around the restrictions by exporting oil through non-Western intermediaries. According to the Russian Ministry of Finance, the cost of Ural oil per barrel in August 2023 was an average of $74.
Previously recognizedWhen oil prices fall to $50 per barrel.