World oil prices have risen due to declining supplies and the global spread of the delta strain of COVID-19.
Brent oil futures for September delivery rose 0.25% to $ 75.35 a barrel. WTI futures for August delivery fell 0.31% to $ 74.33 a barrel.
Oil investors continue to assess the risks of a possible reduction in raw material supplies. Investor fears are linked to the spread of the COVID-19 delta strain, which could have a negative impact on oil demand and the recovery of the global economy.
The OPEC + alliance failed to agree on the terms of the deal at two meetings in early July, as the United Arab Emirates maintains a strong position and demands an increase in production quotas. The third meeting was postponed, and the date of its holding is unknown.
