Oil prices fell in Asian trade today under pressure from ongoing lockouts in China, leading to production cuts, CNBC reported. Another factor in the fall in the price of black gold is the release of record volumes of oil from the reserves of the International Energy Agency (IEA) announced last week.
Brent futures from the North Sea, a reference for Europe, fell $ 2.04, or 2 percent to $ 100.74.
US light crude lost $ 1.94, or 2 percent to $ 96.32.
Last week, the Brent variety fell by 1.5 percent and the American drug by about one percent. For several weeks, quotes have fluctuated sharply under the pressure of events in Ukraine and prices are extremely dynamic, which is happening for the first time since June 2020.
Tags:
–
/cloudfront-eu-central-1.images.arcpublishing.com/madsack/CX2MKRQVIBBBDL3GJ7GWMV6UYE.jpg "Events, birthdays, days of death – calendar page on Tuesday, April 12, 2022")
