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- Low activity for oil trades so far as the markets adjust after the big rise
Low activity for oil trades so far as the markets adjust after the big rise
This morning, the New York futures for Brent have fallen 0.30% to $ 46.90 and crude oil futures WTI have fallen in price by 0.69% to $ 48.88 per barrel. Thus the black gold fell slightly, correcting after yesterday's sharp rise against the background of the unexpected decision of OPEC to limit production. As Reuters reports, the participants of the OPEC meeting in Algeria have agreed to limit the production of oil at the level of 32.50 million barrels a day, starting in November this year. Now the cartel produces 33.24 million barrels of oil per day. A specific production levels for each of the countries belonging to the organization will be agreed at the OPEC meeting in November.
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