The price of Brent oil falls below $ 48 per barrel for the first time since July 2017

The price of Brent oil falls below $ 48 per barrel for the first time since July 2017
  • Clock-gray 15:47
  • calendar-gray 06 March 2020

Brent oil futures prices with delivery in May 2020 dropped by more than 6.5% to $46.73 a barrel on the London-based ICE today, according to trading data, APA-Economics reports citing TASS.

Brent oil prices were at the level below $47 per barrel last time in mid-July 2017.

April 2020 WTI futures prices fell by 6.3% go $43.01 a barrel at the same time.

The dollar at the same time added 1.33% against the ruble to 67.52 rubles per dollar. The euro rose by 1.17% and amounted to 77.07 rubles.

APA-Economics

Other news