Oil on the stock exchange drops to 89 dollars per barrel, in Albania it is sold at 232 ALL/liter


International oil exchanges have reflected a significant price drop in recent days. As can be seen from the images below, “Brent” crude oil has dropped to $89 per barrel, while in our country there has been no reaction from the Transparency Board for 4 days.

“Brent” oil, also known as “Brent Blend”, “London Brent” and “Brent Petroleum” is the main global price standard for crude oil. It is used to set the price of two-thirds of the world’s internationally traded crude oil supplies.

In the European stock exchange, the price per barrel has fallen again, after several days of growth, which, however, did not exceed 100 dollars/barrel. It remains to be seen whether the reduction in the price per barrel will affect the Albanian markets, in which the increase was reflected the day after the war in Ukraine.

“Brent Crude” (ICE) is one of the two main benchmark prices for oil purchases around the world. The other is West Texas Intermediate (WTI), which usually refers to the price of the WTI crude oil contract on the New York Mercantile Exchange.