Brent oil futures drop by 5-6%

Brent oil futures drop by 5-6%

Oil prices slumped this morning, with the price of July Brent oil futures falling by 5.88% to $33.94 a barrel on London’s ICE as of 06:47 Moscow time.

Brent price has dropped by 6.99%, reaching $33.54 per barrel, the data as of 06:40 Moscow time informs.

West Texas Intermediate was down 6.99% at $31.35 a barrel.

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