[Regnum] The price of Brent crude oil futures for December delivery fell below $75 per barrel during trading on the London ICE exchange for the first time since October 2. This follows from the trading platform data on October 15.
As of 08:03 Moscow time, the price of Brent crude oil fell by 3.33% and amounted to $74.88 per barrel.
At the same time, by 08:18 the price of Brent oil decreased to $74.54 (-3.77%). At the same time, the futures for WTI oil fell by 3.82%, to $71.01 per barrel.
As reported by the Regnum news agency, on September 30, Deputy Prime Minister of the Russian Federation Alexander Novak stated that Russia will withstand any reduction in oil prices. According to him, the dependence of the domestic economy on hydrocarbons is decreasing.
The Russian Deputy Prime Minister specified that the events taking place in the Middle East definitely influence the energy market. At the same time, according to Novak, everything will eventually return to normal.