Oil prices fall to lowest since February
The price of oil is bouncing near levels around the time of the Russian invasion of Ukraine since Saudi Arabia, Russia and other major oil producers agreed to a small supply boost.
Oil prices have hit near year lows, though the drops appear to not be holding.
The price of Brent crude oil went below $94 a barrel last week and then again on Monday. It rebounded to just above $98 a barrel yesterday before falling below $94 again earlier today. As of 1:00 pm ET, the price was back above $97 a barrel. The last time Brent crude oil prices hit such lows was February around the start of the Russia-Ukraine war, according to market data.
