Crude Oil Price has Fallen Sharply

Business » ENERGY | March 15, 2022, Tuesday // 08:28
Bulgaria: Crude Oil Price has Fallen Sharply Pixabay

Oil has lost nearly a quarter of its value after the biggest jump in its price in 14 years. For the first time since the beginning of the crisis in Ukraine, a barrel of crude oil fell below $ 100.

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Following the information that the United States and Europe may stop buying Russian oil, the price of fuel reached a peak of nearly 140 dollars. Investors commented that they were encouraged by the ceasefire talks between Russia and Ukraine, which is the main reason for the sharp decline.


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