MOSCOW, April 7. /TASS/. The price of futures contracts of Brent crude oil for June 2025 delivery has dropped below $63 per barrel on London's ICE for the first time since April 12, 2021, according to trading data.
As of 10:08 a.m. Moscow time (7:08 a.m. GMT) the Brent price was down by 4.36% at $62.72 per barrel.
By 10:30 a.m. Moscow time (7:30 a.m. GMT) the price of Brent futures contracts had narrowed losses to 4.33% trading at $62.74 per barrel. Meanwhile the price of futures contracts of WTI crude oil for May 2025 delivery was down by 4.53% at $59.18 per barrel.