The price for Brent crude oil fell below $60 per barrel during trading on the London ICE on Friday, November 23 reaching to $59.8. The last time fuel cost this much only in October 2017.
The fuel passed the psychological mark as a result of a rapid fall. The previous so-called “achievement” of $61 per barrel was noted just a few hours before this.
The price fall for only one day (November 23rd) for this oil brand comprises 4.2%.
The price for oil began to decline in the first half of October of this year. Since then, the fuel price has fallen by almost 30%.