Oil trades in different directions without uniform dynamics in the world market.
Brent oil futures for February delivery rose by 0.16% to $ 75.92 a barrel.
WTI February futures fell by 0.87% to $ 73.15 a barrel.
Oil traders refrain from taking drastic action at the end of the calendar year. At the same time, next Tuesday, January 4, the next meeting of OPEC + will be held, where the alliance is expected to decide whether to continue to increase extraction.
In addition, according to Bloomberg, Japan began selling oil from strategic reserves. Earlier, the United States, Britain, and South Korea sealed strategic reserves.
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.
