The cost of Brent crude oil on the London ICE exchange has fallen below $60 per barrel. This is the lowest level since February 8, 2021.
This is reported by AFP.
The price of Brent crude oil decreased by more than 4% to $59.77 per barrel, after which it slightly increased. Meanwhile, the main WTI crude oil contract fell by 4.3% to $57.02 per barrel.