Starting this morning, the price of Brent oil in global markets began to decline sharply. The initial hit of $80 sent shockwaves through global markets, but the drop in oil prices continued, and at present, the cost of one barrel of oil of this brand is less than $79.

Edited by| Paul Mitchel

Economy section -  CJ journalist

World – March,13,2023

The reasons for the decline in the cost of oil in world markets are still unknown, however, at the moment, a situation similar to that is observed with the cost of gas in Europe, where the cost of the latter decreased by 2%, although the cost of a thousand cubic meters of natural gas remains In European markets above 500 dollars, it is psychological.

Experts point out that the attempt to collapse the cost of oil and gas may be artificial, in order to simplify purchases by other countries, as well as to artificially reduce the cost of Russian oil.

Specialists do not rule out a correction in oil prices in the coming weeks, but the growth in natural gas prices should not be expected before the middle of the year.