Brent crude oil prices declined to $106.57 per barrel by 9 a.m. Eastern Time on September 15. This figure represents a decrease of $3.85 compared to the previous morning's level.
During the trading session on September 15, prices fluctuated between approximately $105.14 and $108.43. Closing quotes were recorded in the range of $105.68 to $106.67.
Despite the recent drop, the current price remains roughly $39 higher than the level observed twelve months ago. For comparison, Brent averaged between $70 and $80 per barrel in 2019.
Market analysts attribute the price movement to broader anxiety regarding the global economic outlook and potential recession risks. Supply-side constraints, including production decisions and underinvestment, continue to influence market conditions.
