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Oil prices see slight decrease

Oil prices see slight decrease
Oil prices see slight decrease

The global oil price on the world market has fallen slightly. 

Brent January futures saw a slight increase of 0.05% now standing at $ 75.19 a barrel.

Meanwhile, WTI January futures fell 0,14% amounting to $ 70.78 a barrel.

Due to the declining demand for oil caused by the coronavirus pandemic, OPEC + has reduced production by 9.7 million barrels 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.

Since then, the organization's member states have met every month and discussed the production plan for the coming month.

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