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Brent oil price falls below $78 per barrel, first time since January 22

WTI crude oil futures with March delivery decreased by 1.93% to $72.74 per barrel

MOSCOW, February 2. /TASS/. 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 17:17 Moscow time, the Brent price fell by 1.09% to $77.96 per barrel.

By 17:27 Moscow time, 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.