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World oil prices fall

World oil prices fall
World oil prices fall

Oil prices fell sharply on Monday.

Brent oil futures for October delivery fell $ 1.24 to $ 69.46 a barrel.

WTI September futures fell from $ 1.29 to $ 66.99 a barrel.

Pressure on the oil market is due to the uncontrolled spread of the coronavirus delta strain worldwide.

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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