Brent Crude Oil Prices Decline

The price of Brent crude oil futures for February has dropped to $71 per barrel, marking the first decline since November 18, 2024, according to trading data reported by TASS.

As of 19:05 Yerevan time, the price of Brent decreased by 1.58%, reaching $70.95 per barrel. By 19:27, Brent futures accelerated their decline, trading at $70.91, a loss of 1.64%.

Meanwhile, WTI crude oil futures for January delivery have also fallen by 1.82%, reaching $67.06 per barrel.