Bloomberg reported a drop in oil prices below $100 after a sharp rise

The price per barrel of oil dropped below $ 100 after a sharp rise. This was reported by Bloomberg with reference to relevant statistics.

It is specified that during trading on the ICE exchange on March 9, the price of oil rose to $ 120 per barrel, but at the moment it has dropped to $ 95.

According to the agency, prices were partially compensated after the ministers of economy of the G7 member countries declared their readiness to take any measures to maintain global energy supply, including the use of strategic reserves.

Vostochny impact: oil price may exceed $150

​​​​​​​Analysts admit such a scenario, Putin warned of the threat of stopping oil production in the Middle East.

Russian President Vladimir Putin announced on March 9 that global oil prices are rising, having gained more than 30% in recent weeks. The Russian Federation has repeatedly warned that attempts to destabilize the situation in the Middle East would jeopardize the global fuel and energy complex, the head of state said.

The Interfax news agency noted on the same day that the armed conflict in the Middle East had led to an increase in the cost of oil. At the auction on Monday, March 9, the price of oil rose by more than 26% and reached its highest level since mid-2022.

On March 9, Polish Prime Minister Donald Tusk recommended that members of the press address questions about rising energy prices to "another Donald" — American President Trump. The head of the Polish cabinet also expressed hope that Trump would fulfill his promises to resolve the conflict in the Middle East and lower world oil prices.

All important news is on the Izvestia channel in the MAX messenger.