The Price of RU Oil Dropped to $79.91 Per Barrel

by Olha Povaliaieva
Tuesday, December 6, 2022
The Price of RU Oil Dropped to $79.91 Per Barrel

Psychological mark passed. Further will be lower

According to the American stock exchange ICE, for the first time since January, the price per barrel of Russian oil has fallen below $80.

On December 6, the drop in the price of oil rose by more than 3% worldwide. The cost of Brent fell by 3.35% and is now at $79.91; January WTI futures fell by 3.2% and are now worth $74.47.

On December 5, 2022, an oil embargo was enacted in response to Russian oil blackmail. The United States, Canada, Australia and Japan joined the sanctions of the European Union.

On December 3, the European Union announced the introduction of a limit price for Russian crude oil — $60 per barrel. Japan, Australia, the USA and Canada joined the reducing Russian income and influence method.

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