A. M. 
The price of Brent oil registered a significant drop this monday in the United States, settling at US$96.75 per barrel, which represents a decrease of US$9.66 or -9.08% on the day, according to data from Investing.com. This decline marks a relevant change in the recent behavior of crude oil, which had been trading above US$100.
Since the beginning of the day, the market showed signs of high volatility. The price opened at US$107.5 per barrel, above the level at which the day ended, which shows that the bearish trend consolidated as the hours progressed. In comparison, the last close had been located at US$106.41, so the accumulated drop during the day ended up being considerable, close to ten dollars per barrel.
Brent’s movement during the day was broad. The daily range was between a low of US$91.70 and a high of US$109.78, reflecting sharp intra-day fluctuations. This behavior is usually associated with episodes of pressure in the market, where prices experience rapid and marked adjustments.
Despite the drop recorded, the current price of Brent remains within the levels observed in the last year. In the last 52 weeks, crude oil has fluctuated between US$66.44 and US$119.50 per barrel, indicating that, although this monday’s decline is significant, it is part of a broader environment of variability in the energy market.
Another element that accompanied the day was the high level of activity in operations. The trading volume exceeded 496 thousand contracts, suggesting intense participation by market players. This type of volume usually coincides with sudden price movements, such as the one recorded in this session.
In general terms, the 9.08% drop represents one of the most marked declines in the short term, taking the price below the US$100 per barrel barrier. The difference between the opening price, the previous closing price and the final value of the day allows us to measure the magnitude of the adjustment that Brent experienced in a single day.
The behavior observed this monday reflects a market characterized by volatility and rapid changes in prices. The reduction of US$9.66 per barrel in a single day underlines the intensity of the movement and positions this day as a relevant point in the recent evolution of Brent oil, one of the main international references for the price of crude oil.
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