Oil prices went down this week! This is because of a few things. First, things are calmer in the Middle East, and there's some talk of a peace deal in Ukraine. Second, there were reports of a new virus found in bats, which also made oil prices drop.
- Oil prices fell by more than $2 a barrel.
- A ceasefire in the Middle East helped calm the market.
- Reports of a new virus also affected oil prices.
- There's uncertainty about a potential peace deal in Ukraine.
| Thing | Number |
|---|---|
| Brent oil price (end of week) | $74.43 per barrel |
| US oil price (end of week) | $70.40 per barrel |
| Drop in Brent oil price | $2.05 |
| Drop in US oil price | $2.08 |
