Oil price on world markets

Oil price on world markets
Oil price on world markets

At the level of growth of the American Petroleum Institute, the price of oil on the world market fell slightly.

Brent oil futures for December delivery fell by 0.49% to $ 85.23 a barrel.

Meanwhile, WTI December futures fell by 0.67% to $ 84.09 a barrel.

According to the American Petroleum Institute (API), the weekly supply of "black gold" in the country increased by 2.3 million barrels. At the same time, analysts forecast an increase of only 1.7 million barrels.

One of the main events for oil traders will be the next meeting of OPEC +, which will be held on October 4.

Due to the declining demand for oil caused by the coronavirus pandemic, OPEC + has reduced production by 9.7 million barrels per day since May last year. With the stabilization of the situation, oil production has more or less resumed. From August 2021, the Alliance increased oil production by 400 thousand barrels per month.

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