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Brent crude oil price down below $75 per barrel on ICE first since December 23, 2021

It is reported that the price of futures contracts of WTI crude oil for May delivery was down by 3.92% at $68.69 per barrel

MOSCOW, March 15. /TASS/. The price of futures contracts of Brent crude oil for May 2023 delivery fell below $75 per barrel on London's ICE on Wednesday for the first time since December 23, 2021, according to trading data.

As of 4:16 p.m. Moscow time, the Brent price was down by 3.67% at $74.61 per barrel.

By 4:22 p.m., the price of Brent oil narrowed losses to 3.56% trading at $74.7 per barrel, whereas the price of futures contracts of WTI crude oil for May delivery was down by 3.92% at $68.69 per barrel.