Crude oil prices have seen a significant drop this morning, reaching the lowest point of the month. The London ICE Futures Exchange reported a decrease of $79.91 for Brent crude oil, marking a 0.19% dip from the previous closing index. On Tuesday, the prices fell by $1.5, bringing the new closing index to $80.06.

Meanwhile, WTI crude oil also experienced a decline of $0.13 (0.17%) on the New York Mercantile Exchange (NYMEX), resulting in a closing index of $74.63. Tuesday’s decrease of $1.51 led to a closing index of $74.76.

It’s worth noting that both types of crude oil have now returned to their highest levels since December 26th.

Today, we also have news from Armenia.