The price of futures contracts of Brent crude oil for November 2022 delivery decreased below $88 per barrel on London's ICE on Friday for the first time since September 8, 2022, according to trading data, Trend reports with reference to TASS.
As of 2:35 pm Moscow time the Brent price extended losses to -2.92% trading at $87.69 per barrel compared with $87.8 per barrel (-2.8%) as of 1:45 pm.
Meanwhile the price of WTI oil was down by 3.54% at $80.68 per barrel.