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Brent oil price falls below $77 per barrel, first time since February 5

By 12:25 Moscow time, Brent futures accelerated the decline and reached $76.87 (-1.64%)

MOSCOW, June 4. /TASS/. The price of Brent crude oil futures with August delivery on London’s ICE fell below $77 per barrel for the first time since February 5, 2024.

As of 12:00 Moscow time, the Brent price decreased by 1.51% to $76.97 per barrel.

By 12:25 Moscow time, Brent futures accelerated the decline and reached $76.87 (-1.64%). At the same time, futures for WTI crude oil with July delivery fell bt 1.32% to $72.62 per barrel.