The price of December futures contracts of benchmark Brent oil fell below 75 dollars per barrel. Prices are at this level for the first time since the beginning of October. This is evidenced by data from the London Stock Exchange. ICE.
The day’s low was $74.27 per barrel. As of 09:16 Moscow time, fuel prices decreased by 3.69% to $74.62 per barrel.
At the same time, WTI futures for November delivery lost 3.68% to $71.11 per barrel. At the same time, the price of WTI fell to $70.76 per barrel.
The driving force behind the increase in oil prices was Israeli Prime Minister Benjamin Netanyahu’s statement promising to lead the USA to choose Attacks against Iran target military targets, not energy infrastructure.
With predictions Analysts predict that the average annual price of Brent oil in 2024 will be just under $80 per barrel.
Previously reportedThe Czech Republic spends five times more on Russian energy resources than on aid to Ukraine.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.