According to London data, the price of North Sea Brent crude oil for March delivery fell below $76 per barrel for the first time since December 18 last year. tender ICE.
According to the site, the price of Brent oil decreased by 1.56 percent and reached $75.88 per barrel.
At the same time, American WTI crude oil futures for delivery in February fell 3.26% to $70.4 per barrel.
New Year’s Eve on Bloomberg WroteIn 2023, the barrel price of Brent has fallen by almost 10%. Offer prices showed the biggest annual decline since the coronavirus pandemic. Analysts listed two main reasons for such dynamics in oil prices. First, there is the risk of a noticeable increase in fuel production in non-OPEC countries in the face of the slowdown in global oil demand. The second is Angola’s exit from OPEC, because immediately after this, oil prices fell.
previously economist guess Oil prices as part of OPEC+ production cuts.