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Brent crude price drops below $86 per barrel for first time since March 10
Brent crude futures dropped below $86 per barrel on June 12, marking the first time since March 10, according to TASS. The price later pared losses, trading at $86.27 per barrel, down 4.55%.
Brent crude oil futures fell below $86 per barrel on London's ICE exchange for the first time since March 10, according to trading data reported by TASS. As of 11:22 a.m. Moscow time (8:22 a.m. GMT), Brent was down 4.89%, trading at $85.96 per barrel.
Coverage Comparison
The report from TASS focuses on the immediate price movement, noting that by 11:27 a.m. Moscow time (8:27 a.m. GMT), the price had pared some losses, moving to $86.27 per barrel, down 4.55%. No causal attribution is provided in the report.
Key Claims
Brent crude futures fell below $86 per barrel for the first time since March 10, according to TASS.
Brent was down 4.89% at $85.96 per barrel as of 11:22 a.m. Moscow time.
The price later pared losses, moving to $86.27 per barrel, down 4.55%.
TASS also reported on other instances of Brent falling below key thresholds. On June 16, Brent futures dropped below $81 a barrel for the first time since March 4. Brent prices lost 2.72% to $80.91 a barrel, then recovered slightly to $80.94 per barrel, down 2.68%. On June 24, Brent futures fell below $75 a barrel for the first time since February 27. Brent futures lost 2.84% to $74.89 per barrel, with the North Sea oil blend prices dropping to $74.85 per barrel, down 2.89%. WTI futures also fell on those days, losing 2.93% to $78.38 per barrel on June 16 and 2.83% to $71.14 per barrel on June 24.
How this outlet told it
TASS — English
Framing: Neutral, focusing on current market data — Informative
Facts Included:
Brent crude futures fell below $75 a barrel
Brent futures lost 2.84% to $74.89 per barrel
North Sea oil blend prices dropped to $74.85 per barrel
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Claim
Confidence
Status
ClaimBrent crude futures fell below $75 a barrel. Brent futures lost 2.84% to $74.89 per barrel.