ICE Brent crude price falls below $74 per barrel, first time since Dec. 2023

The price of Brent crude oil futures for November delivery on the London ICE exchange, having fallen by 4% since the opening of trading, dropped below $74 per barrel for the first time since December 13, 2023, Report informs.

According to the exchange data at 18:04 Baku time (GMT +4), the price of Brent fell by 4.61% to $73.95 per barrel.

By 18:14 Baku time, Brent futures slowed decline and were trading at $74.36 (-3.78%). At the same time, WTI crude oil futures for October delivery dwindled by 3.53%, falling to $71.3 per barrel.