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Brent trading below $78 per barrel
- 27 January, 2025
- 06:24
Oil prices are falling on January 27 after declining at the end of last week, Report informs referring to Interfax.
The price of March Brent futures on the London ICE Futures exchange as of 09:20 (GMT+4) is $77.93 per barrel, which is $0.57 (0.73%) lower than at the close of previous trading.
On January 24, these contracts rose by $0.21 (0.3%) to $78.5 per barrel. WTI oil futures for March on the New York Mercantile Exchange (NYMEX) electronic trading decreased in price by this time by $0.57 (0.76%) to $74.09 per barrel.
At the end of the previous session, the value of these contracts increased by $0.04 (0.01%) to $74.66 per barrel.
Last week, Brent fell by 2.8%, WTI decreased by 3.5%. The market was pressured by US President Donald Trump's statements in Davos about his intention to seek lower oil prices.
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