Price of Oil fell below $100 per barrel

From Our Correspondent, Ukraine: Brent crude oil fell during trading on February 25. April futures for Brent on the London Stock Exchange ICE Futures at lunch fell by $ 0.28 (0.28%) - to $ 98.8 per barrel. The price of WTI futures in April at electronic trading on the New York Mercantile Exchange rose by $ 0.07 (0.08%) - to $ 92.88 per barrel. The day before, Brent oil prices exceeded $ 105 after the start of the war against Ukraine due to fears about oil supplies from Russia.

However, quotes lost most of their growth by the end of the session, as US sanctions against Russia did not affect energy supplies. A regular meeting of OPEC + will take place next Wednesday, in which representatives of Russia will also take part. Analysts are confident that the alliance will adhere to the previously outlined plans and again decide to increase production by 400 thousand barrels per day.