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Brent oil fell to a minimum since December 2024

Brent crude oil has fallen in price. The price of a barrel fell below $71 for the first time since December 2024. The general decline in prices is fixed within 1%, which follows from these biddings.

Brent oil fell to a minimum since December 2024
04.03.2025
Lesezeit: 1 min
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📝 Summary

Brent crude oil has fallen in price. The price of a barrel fell below $71 for the first time since December 2024. The general decline in prices is fixed within 1%, which follows from these biddings.

According to public information, as of 08:43 (Moscow), the minimum cost of May futures for Brent crude oil reached $ 70.97 per barrel. It went down 0.91%. The fall in the price of Brent below $ 71 occurred for the first time since December 9, 2024. In turn, futures on WTI fell in value by 0.7 percent and now reached $67.89. Among other reasons for this are trade wars, which have recently become especially relevant. Especially in connection with the measures of US President Donald Trump, who introduces increased trade duties against a number of countries. Thus, the United States increased duties on imports of cars from China from 10% to 20%, and on March 4, updated duties will begin in relation to Mexico and Canada. Now they will be 25%.

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