World oil prices increase

World oil prices increase
World oil prices increase

Over the past 24 hours, world oil prices have risen.

Brent crude oil futures rose 0.5% to $ 73.89 a barrel. September futures rose 0.46% to $ 74.82 a barrel.

WTI September futures rose 0.6% to $ 72.08 a barrel.

Earlier, the API reported that commercial oil stocks in the United States fell 4.7 million barrels to 435 million in the week of July 23. Stocks over the previous week showed a sudden increase after an eight-week decline.

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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