The price of a futures contract for Brent crude oil with March delivery dropped below $78 per barrel for the first time since December 12, 2022, on London’s ICE.
According to the exchange at 19:04 Moscow time, the price of Brent oil fell by 5.08% to $77.93 per barrel.
By 19:20 Moscow time, Brent was $78.29 per barrel (-4.64%). In the meantime, WTI crude oil futures with February delivery fell by 4.55% to $73.43 per barrel.
