Brent oil price collapsed to $46 per barrel

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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.

Source: MK