Oil prices plummeted on Friday, March 12, 2021, and stood at $ 70 per barrel, as major oil producers imposed export limits, reducing supply.<\/p>\n
Kiev. Ukraine. Ukraine Gate – March 12, 2021 \u2013 Economy<\/strong><\/p>\n \u00a0<\/strong><\/p>\n The price of May Brent crude oil on the London Stock Exchange ICE is $ 69.49 a barrel, which is $ 0.14 (0.2%) lower than the closing price of the previous session.<\/p>\n \n The price for Brent May oil on the ICE Futures Exchange was $ 69.49 a barrel, which is $ 0.14 (0.2%) below the closing price of the previous session. Experts believe that the reason for this is the restrictions imposed by Coronavirus.<\/p>\n \n Brent crude futures may show the strongest weekly increase in eight weeks after hitting a maximum of 13 months on Monday due to attacks on oil platforms in Saudi Arabia. Being attacked by hussies.<\/p>\n \n The sentiment was also supported by OPEC +\u2019s decision earlier this month not to change the parameters of the production restriction agreement in April.<\/p>\n \n “Assuming the vaccination programs are successful, we expect to release the delayed order this summer during the US and European road trip season,” said a note from FGE analysts.<\/p>\n \n The United States, the world’s largest consumer of oil, saw a sharp drop in gasoline inventories last week due to disruptions at Texas refineries due to abnormal frosts.<\/p>\n \n