Baku 21° C
Oil prices continue to decline following events in Venezuela
Energy
- 05 January, 2026
- 10:51
Add Report.az to preferred Google sources
Stay up to date with the top news!
Oil prices fell on Monday as investors assessed the impact of last weekend's events in Venezuela, Report informs referring to trading data.
The price of March Brent crude oil futures on London's ICE Futures exchange was $60.50 per barrel, down $0.25 (0.41%) from the previous close. February WTI crude oil futures on the New York Mercantile Exchange (NYMEX) electronic trading fell $0.30 (0.52%) to $57.02 per barrel.
In 2025, Brent and WTI crude oil prices fell by almost 20%, the most since 2020, in part due to forecasts for increased production by OPEC+ countries. In the case of Brent, this decline marked the third consecutive year.
Author
Venesuelada baş verən hadisələrdən sonra neft ucuzlaşmağa davam edib
Нефть продолжила снижение после событий в Венесуэле
Latest News
02:29
Photo
Video
Sites of Memory of Western Azerbaijan: How was Amasia, once home to Azerbaijanis, Armenianized?
Domestic policy
00:01
Six years pass since another deadly missile attack on Ganja by Armenia
Domestic policy
00:00
Today marks sixth anniversary of Fuzuli's liberation from occupation
Domestic policy
23:41
Photo
Events calling on Armenia to address mine problem held in six European countries
Foreign policy
23:13
AI agents hack systems of several companies in India
ICT
22:53
Azerbaijani weightlifter Gasim Ismayilov claims three medals at European U-23 Championships in Albania
Individual sports
22:29
NYT: White House press secretary fired after five days on the job
Other countries
22:22
European Commission to propose additional funding for Ukraine in 2027
Other countries
22:12
Trump denies involvement in Starlink slowdown in Ukraine
Other countries