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.