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Brent crude oil falls by more than 5%

As of 15:49 Moscow time, Brent was down 5.17% at $96.03 per barrel

MOSCOW, May 7. /TASS/. The price of Brent crude futures with July delivery fell by more than 5% on the London-based ICE exchange.

As of 15:49 Moscow time, Brent was down 5.17% at $96.03 per barrel.

By 16:00 Moscow time, Brent had pared losses and was trading at $97.42 per barrel, down 3.8%. At the same time, WTI crude futures for June 2026 delivery were down 4.11% at $91.17 per barrel.