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Brent oil price falls below $78 per barrel

 Published: 14:22, 4 February 2024

Brent oil price falls below $78 per barrel

The price of Brent crude oil futures with April delivery on London's ICE fell below $78 per barrel for the first time since January 22.

As of 14:17 GMT on Friday, the Brent price fell by 1.09% to $77.96 per barrel.

By 14:27 GMT, Brent oil futures accelerated their decline and reached $77.72 (-1.37%).

At the same time, WTI crude oil futures with March delivery decreased by 1.93% to $72.74 per barrel.