Baku 21° C
Oil prices continue to decline following events in Venezuela
Energy
- 05 January, 2026
- 10:51
Add Report.az to preferred Google sources
Stay up to date with the top news!
Oil prices fell on Monday as investors assessed the impact of last weekend's events in Venezuela, Report informs referring to trading data.
The price of March Brent crude oil futures on London's ICE Futures exchange was $60.50 per barrel, down $0.25 (0.41%) from the previous close. February WTI crude oil futures on the New York Mercantile Exchange (NYMEX) electronic trading fell $0.30 (0.52%) to $57.02 per barrel.
In 2025, Brent and WTI crude oil prices fell by almost 20%, the most since 2020, in part due to forecasts for increased production by OPEC+ countries. In the case of Brent, this decline marked the third consecutive year.
Author
Venesuelada baş verən hadisələrdən sonra neft ucuzlaşmağa davam edib
Нефть продолжила снижение после событий в Венесуэле
Latest News
10:50
17 students killed as school roof collapses in Pakistan
Other countries
10:37
Anglo Asian Mining more than doubles its copper production in 3Q26
Industry
10:37
Azerbaijani, Chinese FMs discuss regional security - UPDATED
Foreign policy
10:23
Photo
Azerbaijan, Italy hold search, rescue meeting in Baku
Military
10:22
Anglo Asian Mining increases silver production in Azerbaijan by nearly 30%
Industry
10:14
Azeri Light crude drops to $124.14 per barrel
Energy
09:49
U23 World Championships: Gunay Gurbanova reaches final, Ruslan Nurullayev wins bronze
Individual sports
09:44
Trade diversification essential for Caucasus, Central Asia growth, IMF says
Economy
09:41
Harmonization of customs rules essential for regional transport corridors, IMF official says
Economy