Skip to main content

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please click here to read our full Risk Warning.

73.77% of retail investor accounts lose money when trading CFDs with this provider.

Oil prices at their lowest levels since 2021
Oil prices at their lowest levels since 2021

Oil prices at their lowest levels since 2021

Brent crude oil's price dropped by 15% in a week, reaching $70.50 a barrel, the lowest price point since December 2021.

Brent crude oil's price dropped by 15% in a week, reaching $70.50 a barrel, the lowest price point since December 2021. This decline is happening amid a US/European banking crisis. Goldman Sachs Group analysts have cancelled their $100-a-barrel prediction for this year. Considering the speed and volume of the sell-off, it can be assumed that BRN's downtrend will continue.

BRN crude oil

Disclaimer: The information in this article is not intended to be and does not constitute investment advice or any other form of advice or recommendation of any sort offered or endorsed by Libertex. Past performance does not guarantee future results.

Why trade with Libertex?

  • Get access to a free demo account free of charge.
  • Enjoy technical support from an operator 5 days a week, from 9 a.m. to 9 p.m. (Central European Standard Time).
  • Use a multiplier of up to 1:30 (for retail clients).
  • Operate on a platform for any device: Libertex and MetaTrader.
Back