Brent Crude Oil Price Collapsed By 4%

Oil is getting cheaper despite a new escalation of conflict in the Middle East.

The cost of September futures for Brent crude oil on the London-based ICE exchange collapsed at 20:05 Minsk by 3.9% and reached $72.53 per barrel at the minimum.

By 20:10 Minsk, the decline had slowed to 2.89%, quotations were at $73.3 per barrel.

Oil is getting cheaper despite the new escalation of the conflict in the Middle East.

U.S. President Donald Trump called not to allow an increase in oil prices.

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