Oil prices decreasing worldwide

Oil prices decreasing worldwide
Oil prices decreasing worldwide

World oil prices have risen in the last two trading sessions but have declined in the past 24 hours as part of a correction.

Brent crude oil futures fell 0.68% to $ 74.59 a barrel. September futures fell 0.53% to $ 75.65 a barrel.

WTI September futures fell 0.61% to $ 73.17 a barrel.

By the end of the trading week, oil prices may show a 1-1.5% increase. The rise in oil prices is linked to the release of US crude oil weekly data.

Thus, commercial oil reserves in the United States decreased by 4.1 million during the July 23 unfinished week, instead of the expected reduction of 2.9 million.

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.

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