Oil #Brent

On Thursday, March 24, oil trading ended with a decline. The price of Brent crude fell 2.81% to $117.90 per barrel. The decrease is regarded as a corrective movement after several days of growth.

Investors are following the US-EU talks to reduce Europe's dependence on Russian energy resources. Against this background, the topic for discussion of the possibility of releasing additional oil from US national reserves was raised again. This was announced by Minister of Energy Jennifer Granholm at a press conference following the ministerial meeting of the countries - members of the International Energy Agency (IEA).

On Friday, March 25, at auction in Asia, oil costs $119 per barrel. The bullish trend remains strong. The growth of prices can resume at any time. The interim target is $125 per barrel, and $136 per barrel for mid-April.