Oil prices drop to pre-war levels amid peace negotiations
pre-market1 source ↓written by the desknot a recommendation
- on 30 Apr
- $126
- per barrel
- $70.82
- the lowest
- 27 Feb
Oil prices have fallen below $71 a barrel, marking a decline of over 38% from their peak of $126 on 30 Apr 2023. Brent futures for August delivery were at $70.82 per barrel, the lowest since 27 Feb. This drop follows rising hopes for a permanent peace deal in the region, impacting market sentiment.
Not investment advice. For informational purposes only.