Brent price drops to $81.6 per barrel

Benchmark oil prices fell slightly during trading on Wednesday after falling sharply the day before to their lowest levels since July 21, Report informs via Interfax.

Quotes for Brent January futures on the London ICE Futures exchange amounted to $81.58 per barrel, which is $0.03 (0.04%) lower than the closing price of the previous session.

The price of WTI oil futures for December in e-trading on the New York Mercantile Exchange (NYMEX) in the morning fell by $0.21 (0.27%) to $77.16 per barrel.

The US Department of Energy on Tuesday downgraded its Brent price forecast for the current year to $83.99 per barrel from $84.09 per barrel, and for 2024 to $93.24 per barrel from $94.91 per barrel. The estimate for WTI for next year dropped by 1.8%, compared to the October forecast, to $89.24 per barrel.

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