Brent North Sea crude around 16:30 CET showed a decline of 1.2 percent to $ 64.22 (1,432 crowns) per barrel.
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US light oil West Texas Intermediate (WTI) at the same time lost 1.5 percent to $ 60.61 (1,351 crowns) per barrel.
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According to Reuters, analysts expect that a group called OPEC + will agree to extend mining limits due to unsatisfactory prospects for demand.
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Traffic in the Suez Canal, blocked for almost a week by the large container ship Ever Given, is gradually returning to normal.
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The head of the canal administration, Osama Rabía, expects up to 140 ships to pass through this waterway on Tuesday. The Suez Canal is an important route for oil transportation.
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Saudi Arabia, a key member of the OPEC cartel, is ready to accept an extension of agreed mining limits until June, according to a Reuters source. It is also said to be ready to extend its voluntary mining restrictions beyond the agreement.
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