Following American and British crude oil, there has been a significant reduction in the price of Russian crude oil in the international market.
According to global media reports, the per barrel price of Russian oil has fallen below $60 in the market. It is worth noting that the European Union has set a limit of $60 per barrel for Russian oil, but in the market, the price of Russian oil has gone below the set limit.
According to experts, the reason for the decline in the price of Russian crude oil is the decrease in the price of global benchmark Brent crude. The price of Brent had dropped this week when the OPEC producers’ group postponed its meeting from November 26 to November 30.
On the other hand, in the global market, British Brent traded at $80.58 per barrel with a one percent reduction yesterday, while American West Texas Intermediate traded at $75.54 per barrel with a two percent reduction.
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