Brent crude falls to lowest price in year-and-a-half
Around 1610 GMT the price of a barrel of Brent crude had fallen 2.2 percent to $71.07. The price of the main US contract, WTI, was down 2.3 percent to $67.59 per barrel.
Model of Oil barrels are seen in front of rising stock graph in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration
The price of the main international oil contract fell Friday to its lowest level since March 2023 as concerns about sluggish global growth outweighed a decision by major OPEC+ exporters to continue voluntary production cuts.
Around 1610 GMT the price of a barrel of Brent crude had fallen 2.2 percent to $71.07. The price of the main US contract, WTI, was down 2.3 percent to $67.59 per barrel.
Keep updated, follow The Business Standard's Google news channel
