Translated material
The price of a barrel of Brent fell below $62 for the first time since February
The price of a barrel of Brent oil on the ICE exchange on the evening of November 20 fell below $62. This happened for the first time since February 14, 2018.
At about 21:30 Moscow time, the price of Brent was $61.76 per barrel. Later, the price of oil again rose above $62.
The current decline in prices occurred in the absence of significant news for the oil market. This may indirectly indicate the technical nature of the decline, writes . Kommersant
- Brent quotes are used to calculate the cost of Russian oil grades. On November 9, the price of a barrel of Brent fell below $70 for the first time in six months.