World oil prices continue to decline: Brent futures on the ICE exchange dropped below $62 per barrel. These are the lowest levels since late October, according to ING analysts and stock market reports.
The decline in prices is reflected in the income of exporters: according to the International Energy Agency, in November, Russia’s income from the export of oil and petroleum products fell to $10.97 billion, the lowest level since the start of the full-scale invasion of Ukraine in February 2022, which is explained by both falling prices and a reduction in supply volumes under the pressure of sanctions, notes Reuters.
Analytical reviews note that oil prices are trending downward.
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