Brent oil fell below $100 per barrel

Oil prices fell significantly on Friday, falling below $100 per barrel of Brent, trading data shows. At the time of writing, the price was down 3.19 percent to $99.05.

The dynamics are recorded against the backdrop of information emerging about European countries discussing the possibility of releasing diesel fuel, as well as additional volumes of oil from reserves, which, as Reuters writes, “reduces concerns about supply shortages.”

The day before, it was reported that the administration of US President Donald Trump demanded that Germany and France use emergency diesel reserves to help reduce world prices for it, threatening otherwise to impose a ban on exports from the United States, which has been discussed in Washington for several weeks.