After American and British crude oil, the price of Russian crude oil has also dropped significantly.
According to international media reports, the price of Russian oil per barrel has fallen below $60 in the market.
It is worth noting that the European Union has set a limit of $60 per barrel on Russian oil. However, the price of oil in the market has slipped even below this fixed limit.
According to experts, the reason for the drop in the price of Russian crude oil is a decrease in the price of global benchmark Brent crude, which fell this week after the OPEC producer group postponed its meeting of November 26 to November 30.
On the other hand, in the international market, the British Brent was down 1% to $80.58 per barrel as compared to the previous day, while the American West Texas Intermediate was down 2% to $75.54 per barrel.