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Brent oil price drops below $61 per barrel on ICE first time since March 2021
Energy
- 09 April, 2025
- 08:08
The price of futures contracts of Brent crude oil for June 2025 delivery has dropped below $61 per barrel on London's ICE for the first time since March 25, 2021, according to trading data, Report informs.
As of midnight GMT, the Brent price was down by 5.39%, to $60.89 per barrel.
By 12:07 a.m. GMT, the price of Brent futures contracts had narrowed losses to $61.33 per barrel (-4.71%). Meanwhile the price of futures contracts of WTI crude oil for May 2025 delivery was down by 5.93%, at $57.9 per barrel.
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