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Brent crude oil price dropped below $77

Photo by Dorné Marting on Unsplash

This is evidenced by trading data.

According to RIA Novosti, at 5:09 pm Moscow time the price of July futures for Brent fell by 3.32%, to $76.66.

June futures on WTI crude oil fell by 3.62% to $72.94.

Earlier, the IMF said that energy prices remain high, and Moscow, amid Western sanctions was able to redirect raw material exports to friendly states.

On April 28, it became known that Russian President Vladimir Putin signed a decree on supplies of oil and oil products under the old contracts with friendly countries, regardless of the price ceiling.

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