Global oil prices slightly decrease

Global oil prices slightly decreased on March 25 morning as worries over supply disruptions and shortages eased, Report informs referring to the auction data.

The price of May futures for Brent crude fell by 0.4% to $118.55 per barrel, May futures for WTI fell by 0.47% to $111.81.

The oil market on March 25 morning saw a decline in prices against the backdrop of reports that the EU failed to agree on a boycott of Russian oil.

In addition, news about a possible partial resumption of exports from Kazakhstan through the Caspian Pipeline Consortium (CPC) berths, which were recently damaged by a storm, had an impact on prices.