At the beginning of the morning of Monday, December 18, 2023, the Brent price rose nearly 1%, to over 77 dollars. After reaching a low since the end of June on 13 December style="font-family: "Bookman Old Style”, "serif"">, at 72.3 dollars, the price of oil recovered by 7% in four sessions. Brent and WTI ended their longest series of weekly declines in half a decade by registering a slight gain last week, after a meeting of the U.S. Federal Reserve has raised hopes that interest rate hikes are over and cuts are in the works. This rebound is due to an announced reduction in Russian crude exports. Russia said on Sunday that it would strengthen oil export cuts style="font-family: "Bookman Old Style”, "serif"> in December, potentially 50,000 barrels per day or more, sooner than promised