Categories: Economy

Brent oil barrel falls below $90, despite tensions in the Middle East

So far this year, the cost of a barrel of Brent oil has risen by 16%.

The price of a barrel of Brent, the reference oil for Europe, fell this Monday to just under $90, despite the tensions in the Middle East following Iran’s attack on Israel in retaliation for the bombing of the Iranian consulate in Damascus, Syria, on April 1.

Specifically, before the opening of the stock markets of the Old Continent, the price of a barrel of Brent crude oil stood at 89.76 dollars, compared to 90.45 dollars at the previous close and far from the more than 92 dollars that it reached. register on Friday.

Likewise, the price of West Texas Intermediate crude oil, the benchmark for the United States, remained stable at $85.20, compared to $85.66 at the previous close.

So far this year, the cost of a barrel of Brent oil has risen by 16% and that of WTI crude oil by almost 19%.

”Europe is the biggest loser in this oil war”


Source: Eitb

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