The price of Brent crude oil on international markets on Monday amounted to $ 74.75 per barrel.
At the last auction on Friday, the price of a barrel of this brand reached $ 74.65 and closed the day at $ 75.34.
As of 09.29 am on September 20, the price of Brent crude oil fell by 0.78 percent to $ 74.75 per barrel.
The cost of futures for WTI oil was $ 71.17 per barrel.
The fall in oil prices was caused by the increase in the dollar index on world markets to the maximum of the last three weeks.
On the other hand, an increase in the number of rigs in the United States indicates a potential increase in production, which also affects the decline in oil prices.
Meanwhile, a slower-than-expected recovery in oil production in the Gulf of Mexico, previously stalled by tropical hurricanes in the US, the world’s largest oil producer, is holding back oil prices.
The Anadolu Agency’s website publishes in a shortened form . .(HAS).