Oil Prices Fell Below $70 Per Barrel

For the first time since the end of 2021.

The price of November Brent oil futures on the London ICE exchange fell by 2.95% to $69.72 per barrel, according to trading data as of 17:15 Minsk time. Brent oil is trading below $70 for the first time since December 20, 2021.

Last week, oil prices lost about 10%. This week, prices continued to fall amid signs of weakening global demand and concerns about an oversupply of oil.

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