Lead

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.