Oil price drop: the minimum offer value will be reached by August 2024.

Prices for delivery in September 2024 decreased by 3.66 USD/T to 1093.20 USD/T by August 1, 2024.

Within a week, the price dropped by 14.03 USD/T, while over the month it increased by 1.77 USD/T. The highest price was 1165.67 USD/T on July 20, 2023, and the lowest was 932.28 USD/T on February 8, 2024.

Prices for February and January 2025 are at their lowest for the last month.

5 August 2024

Prices for supply contracts for September 2024 have decreased by 3.66 USD/T, reaching 1093.20 USD/T on August 1, 2024. Comparing this to the offers from July 31, 2024, priced at 1096.86 USD/T, we can see a decrease in our price.

Over the past week, the delivery price has decreased by 14.03 USD/T, while over the month it has increased by 1.77 USD/T.

The highest price observed during the entire period was recorded on July 20, 2023, at 1165.67 USD/T. The lowest price observed during the entire period was on February 8, 2024, at 932.28 USD/T.

August 1, 2024, highlights the following:

— The price for supply contracts for February 2025 was 1093.20 USD/T, which is the lowest price in the last month (the previous minimum was 1088.57 USD/T on June 28, 2024).

— The price for supply contracts for January 2025 was 1093.20 USD/T, which is the lowest price in the last month (the previous minimum was 1088.57 USD/T on June 28, 2024).

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