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Brent crude price drops by 2.05 percent

Brent crude price drops by 2.05 percent

Brent crude was down 2.05% at $109 per barrel early on Monday after it hit a near 14-year high at one point following the Russian invasion of Ukraine.

However, in the past few days, the price of oil has dropped as fears that the European Union would follow the US and Canada in banning Russian oil have eased.