Brent falls below $83 a barrel for the first time since March 31
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The cost of June futures for Brent crude on the ICE exchange decreased by 2.19% to $82.91 per barrel. It dropped below $83 for the first time since March 31st. By 12:55 Moscow time, the price of Brent has slowed down and is trading at $83.1. Futures for WTI crude oil is getting cheaper by 2.2% to $79 per barrel.
By forecast Bank of America, the cost of Brent in 2023 will increase to an average of $100 per barrel. The expected increase is expected due to a recovery in demand for oil in China, coupled with a reduction in oil supplies from Russia.
Read more about the situation on the market – in the material “Kommersant” “Ceiling with a hole”.
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