World oil prices falling

World oil prices falling
World oil prices falling

Due to the possible resumption of nuclear talks with Iran, the oil price on the world market has fallen symbolically in the past 24 hours.

Brent oil futures for December delivery by fell 0.11% to $ 83.32 a barrel.

Meanwhile, WTI November futures fell by 0.11% to $ 80.55 a barrel.

According to the Wall Street Journal, talks on renewing a nuclear deal with Iran may begin this week.

According to experts, the signing of a nuclear deal with Iran could reduce Brent crude oil price by about $ 70 a barrel.

Last week, the price of "black gold" was growing at a rapid pace; on October 11, the price of oil rose by 2%.

Analysts do not rule out that the price of oil will reach the three-digit mark by the end of the year.

The rise in oil prices is largely due to the shortage of energy resources in Asia, Europe, and the United States. In addition, rising natural gas prices are forcing energy producers to replace clean fuels with oil.

The OPEC + Ministerial Monitoring Committee has advised the Alliance to follow a previous plan to increase oil production, which aims to increase production by 400,000 barrels per day each month.

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