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Oil price falling pace slows down

Oil price falling pace slows down
Oil price falling pace slows down

Oil prices are reducing worldwide at a slow rate. 

Brent oil price has dropped slightly: it amounted to $72.67 per barrel on the London market at 14:51, 0.56% lower than in the previous year. 

WTI prices on the New York market have fallen by 0.38%, now reaching $70.77. 

The surge in oil prices is presumably related to the upcoming OPEC+ meeting at which the countries are likely to agree on reduced quotas. 

Over the last year, the US oil supplies dropped by 7.4 mln barrels, amounting to 466.7 mln barrels. 

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