🛢️ As of 09:03 GMT, Brent crude oil futures have fallen by 3.4% to $63.35 per barrel, while WTI dropped by 3.58% to $59.77. This happened amid economic tensions between the US and China, raising concerns about a recession and reduced demand for oil.
Source: OBOZREVATEL
🌍 A key factor in the price drop was the escalation of the trade conflict between the US and China. After the introduction of tariffs by US President Donald Trump, China announced additional tariffs on American goods, exacerbating fears of a full-scale trade war.
💡 According to analysts, the drop in oil prices may impact fuel prices in Ukraine. If this trend continues over the next two weeks, Ukrainian gas stations may significantly reduce gasoline and diesel prices. A decrease of 5-6 UAH/liter is expected.
⚠️ However, the level of price reduction may be influenced by the rise in the euro exchange rate, as fuel excise taxes in Ukraine are calculated in euros.
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