Oil slumps below $75

Oil prices slump accelerated: Brent fell below $75 per barrel for the first time since late 2021.

According to trading data, today, world oil prices accelerated the fall.

At 16.23 Moscow time, the price of May futures for Brent crude fell by 3.55% to $74.72 per barrel for the first time since late 2021. April WTI futures fell by 3.86% to $68.58 per barrel, RIA Novosti reports.

The spot price of Russian Urals also fell to $55.77 per barrel, or by 3.76%.