Oil prices fell sharply on Monday.
Brent oil futures for October delivery fell $ 1.24 to $ 69.46 a barrel.
WTI September futures fell from $ 1.29 to $ 66.99 a barrel.
Pressure on the oil market is due to the uncontrolled spread of the coronavirus delta strain worldwide.
The OPEC + countries have reached a compromise on oil production. The parties agreed that from August, oil production would increase by 400 thousand barrels per day. Consequently, countries will reach pre-crisis levels by the end of 2022.