Brent

The price of oil made a strong downward movement after the decision on the maximum price of Russian oil came into force. In the near future, the oil market will be saturated with news. In turn, Russia stated that it was not going to put up with this decision, and according to the authorities, it is preparing three scenarios for retaliatory measures! Today, the price of oil fell below $80, and this is the lowest price since the beginning of the year. Let me remind you that oil prices soared after Russia launched a full-scale invasion of Ukraine. Today is the day of indicators on the volumes of crude oil and oil products, so the day will probably be interesting. I think that the price will still return to at least $83. But you need to understand that there will be a struggle for the price on the oil market now and the scenarios may be different!!!