Oil prices drop to lower level of two months

The crude Brant oil is being traded under the 90-dollar barrel limit, while recently it has dropped to $88.17 -- the lowest level since mid-April.

According to market experts, the drop in prices relates to recent diplomatic developments and expectations for stabilising the international situation, which has reduced concerns about global oil supply.

However, current prices remain higher compared to the period before the latest tensions, when a Brent barrel was traded around $77.

Analysts stress that the oil market continues to be influenced by geopolitical and global economic uncertainties, making the short-term price trend unstable.