Brent Crude Oil Price Falls Below $63 Per Barrel

For the first time in four months.

The cost of Brent crude oil futures on London's ICE exchange fell by 3.5% - to $62.94 per barrel, according to trading data as of 18:34 Minsk time.

Brent oil is trading below $63 per barrel for the first time in more than four months, the previous time was May 30, 2025.

Oil continues to fall amid cautious optimism about the easing of tensions in the Middle East.

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