The price of Brent oil fell below $78 a barrel for the first time since January 5

This was reported by TASS with reference to the auction data.

At 21:08 Moscow time, the price of Brent dropped to $77.87 per barrel.

Futures for WTI crude for April delivery fell to $71.87 per barrel.

Earlier, Artur Meinhard, Head of the Analytical Department for Global Markets at the investment company Fontvielle, commented in an interview with the Izvestia newspaper on the forecast, according to which the average oil price in the world this year will be in the range of $80-110 per barrel.