Black Gold Continues to Decline: Brent Crude at Lowest Level in 4 Months

Oil prices continued to decline on Thursday, with Brent crude falling below $97 per barrel for the first time since March 16, 2022. As of 14:32 Moscow time, U.S. West Texas Intermediate crude futures dropped by 2.32% to $94.07 per barrel. Meanwhile, global benchmark Brent crude futures fell by 1.94% to $97.64 per barrel, having previously recorded a level of $96.95 per barrel shortly before (14:22 Moscow time).