Brent crude price fell below $ 80 for the first time since October 7

According to RIA Novosti, at 21:40 Moscow time, the cost of January Brent oil futures fell by 3.08% to $ 79.9.

January futures on WTI dropped 3.32% to $ 77.09.

Earlier, Otabek Karimov, Vice President for Commerce and Logistics of Rosneft, said that at the end of the first half of 2022, the oil price could reach $ 120 per barrel.