Photo: Reuters
Oil prices have collapsed
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After the OPEC + decision to increase production, oil prices have dropped by more than $ 4 today.
World oil prices plummeted in trading on Monday, July 19.
Thus, the cost of September futures for Brent on the London ICE Futures exchange fell by 5.7% to $ 69.4 per barrel (- $ 4.2) – this is the lowest since the beginning of the summer.
The price of WTI futures for August at the New York Mercantile Exchange (NYMEX) trading fell by 6.21% to $ 67.3 per barrel (- $ 4.46).
Oil becomes cheaper after OPEC + decisions on accelerated production increase oil. Since August, the OPEC + countries begin to increase production by 400 thousand b / d per month until the cuts are completely curtailed.
“Smuggled” 80 thousand tons of oil went to Belarus – Ukrtransnafta
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