World oil prices falls

World oil prices falls
World oil prices falls

Crude oil prices on the world market fell by about 1%.

Brent oil futures for October delivery fell 1.03% to $ 74.63 a barrel.

WTI September futures fell 0.91% to $ 73.28 a barrel.

The drop in oil prices is due to the new wave of coronavirus in the world and the spread of the Indian strain.

The situation is dire in China, the world's second-largest oil consumer.

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 would reach pre-crisis levels by the end of 2022.

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