Home Business Brent price falls by 5%

Brent price falls by 5%


The price of August futures for Brent crude on the ICE exchange is reduced by 5.15% to $113.6 per barrel. WTI is down 5.9% to $108.4%. The decline in prices for Brent and WTI began after 13:00, then a barrel of the first was traded at $121, the second – $116.43. One of the factors for the price drop could be the statement of the head of the US Federal Reserve, Jerome Powell, about his intention to achieve a reduction in inflation in the US: “My colleagues and I are clearly aimed at bringing inflation back to our target of 2%.” Prior to this, the Fed raised the key rate immediately by 0.75 percentage points, to a range of 1.5-1.75%. Mr. Powell did not rule out an increase in July. The last time the price of Brent fell below $114 per barrel on June 2, on June 3 it rose to $121 per barrel. About oil prices – in the material “Kommersant-Dengi” “Sanction barrel”. Even more news is in the Kommersant Telegram channel. Victoria Kolganova.


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