In particular, as of 9:30 pm MSK, March futures of Brent crude oil in the course of trading on the London Stock Exchange have fallen by 5.08% to $ 55.11 per barrel.

By that time, the price of March futures for WTI crude oil in the course of trading on the New York Stock Exchange has fallen by 6.87%, to $ 49.42 a barrel, falling below a psychologically important level of $ 50 per barrel.

Earlier, it was reported that the reason for such a drop in global oil prices is the data from the US Department of Energy about the growth of commercial oil reserves in the country in a week by 6.3 million barrels (1.6%) to 413.1 million barrels, the highest level in 80 years.

brent oil price

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