This week begins with a downward marker in the value of Brent Crude, which for the first time since 2020 is below USD 71.

According to data from the ICE (London) stock market, the price of Brent has been showing a downward trend. In this sense, future prices for next May are calculated at USD 70.70.

One of the main reasons for this scenario is the war between Russia and Ukraine, in addition to the uncertainty in the world market as a result of this war.

The decline in the price of Brent Crude at the beginning of this week is estimated at 4 % compared to the previous close. In the last twelve months, in fact, the benchmark crude oil for Europe has accumulated a drop of at least 40 %.

For its part, the benchmark West Texas crude for the United States also shows a downward trend, going from USD 66.74 from the previous close to 64.12 dollars.

M.Pino

Source: negocios.com

(Reference image source: Delfino Barboza, Unsplash)

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