Modern.az

Strait of Hormuz opened - oil sharply cheaper

Strait of Hormuz opened - oil sharply cheaper

Economy

17 April 2026, 17:17

The price of Brent crude oil has fallen below 90 US dollars per barrel for the first time since March 11, 2026.

Modern.az reports with reference to foreign media that, according to trading data, the price of Brent crude oil futures for June 2026 on the London ICE exchange fell below 90 dollars per barrel for the first time since March 11, 2026.

Thus, the price of Brent crude oil decreased by 7.7% to 91.74 dollars per barrel. By 16:55 Baku time, the price of Brent crude oil accelerated its decline and was sold at 89.52 dollars per barrel (a decrease of 9.93%).

In addition, the price of WTI crude oil futures for June 2026 decreased by 10.23% to 81.84 dollars per barrel.

 

 

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