Brent oil slides below $111 per bbl on London’s ICE

The price of Brent oil futures with delivery in August 2022 declined by over 3.5% to less than $111 per barrel on the London-based ICE on Wednesday, for the first time since May 20, according to trading data, Trend reports citing TASS. As of 05:05 Moscow time, Brent price declined by 3.51%, to $110.63 per barrel. By 05:15 Moscow time, Brent oil futures traded at $110.8 per barrel (-3.36%).