The price of oil has fallen to a minimum

Oil fell to a two-week low amid negotiations between Russia and Ukraine and the outbreak of covid in China.

On the morning of March 15, May futures for a barrel of Brent fell more than $6 (minus 6.4%) to $100.05.

The cost of WTI oil for the first time since March 1 fell below $100 per barrel, losing $6.31 in price and dropping to $96.7 per barrel.

As of 09:50 Moscow time, the cost of Brent decreased by 5.9%, to $105.2 per barrel, according to data from the London ICE exchange. WTI crude traded at $97.1 a barrel, down 5.7%.

Experts believe that even in the event of a truce, oil prices will remain high as Western attempts to isolate Moscow through sanctions continue.