
The price of May futures for Brent crude oil dropped to $73.4 per barrel.

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There is a decline in prices in the global oil market. The price of May futures for Brent crude oil dropped to $73.4 per barrel, which is $0.23 (0.31%) lower than in previous trading. At the same time, the circulation period of the May contracts expires today with the closure of the market. The more actively traded June Brent futures lost $0.26 (0.36%) and are trading at $72.5 per barrel.
gt;On the New York Mercantile Exchange, WTI crude futures for May delivery fell by $0.3 (0.43%) to $69.06 per barrel.
Two main factors are putting pressure on prices: expectations of an increase in production by OPEC+ countries, concerns about the introduction of US import duties, which could lead to a global trade war and a slowdown in economic growth.As a result, investors are concerned about future energy demand.