The price for Brent crude oil fell on Tuesday. According to the trades at 1:25 pm, the barrel of Brent lost about 1.62%, and traded at the level of $46.15 per barrel.
Before that, the cost of a barrel of oil of this brand fell below $46, which happened for the first time since November 29th last year.
August futures for WTI oil also got cheaper.
Such a dynamics has established on anticipation of a global excess of the oil in the near future.