Clicky
Business

Brent crude falls to lowest price in one and half yrs


By AFP
Published : 07 Sep 2024 09:20 PM | Updated : 07 Sep 2024 09:20 PM

The price of the main international oil contract fell Friday to its lowest level since March 2023 as concerns about sluggish global growth outweighed a decision by major OPEC+ exporters to continue voluntary production cuts.

Around 1610 GMT the price of a barrel of Brent crude had fallen 2.2 percent to $71.07. The price of the main US contract, WTI, was down 2.3 percent to $67.59 per barrel.