Brent crude oil fell to $99.86 per barrel

Oil prices accelerated their decline amid increased expectations of an early resolution of the conflict in the Middle East. This is evidenced by trading data on the ICE exchange on May 6.

As of 13:47 Moscow time, July Brent crude futures on the London ICE Futures Exchange fell by $10.01, or 9.11%, falling to $99.86 per barrel.

At the same time, June WTI futures on the New York Mercantile Exchange fell by $10.76, or 10.52%, and traded at $91.51 per barrel.

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Oil prices accelerated on May 4 amid reports from the UAE Ministry of Defense about intercepted Iranian missiles. At that time, the value of July Brent crude futures rose to $115 per barrel. Compared to the previous close, the change was 8.48%.