The price of Brent crude on the London ICE exchange at 22:28 dropped to $ 67.97 per barrel for the first time since May 27. WTI by this time was worth $ 65.73. For today, July 19, oil prices have dropped by more than 7%.
As of 22:44, the September Brent futures price was $ 68.22. This is 7.3% less than in the previous trades. WTI price was $ 66.02. In the morning, oil prices fell within 1%.
OPEC + countries agreed on the eve of production growth rates. From August until the end of the year, the alliance will increase it by 400 thousand barrels per day per month. In this case, the OPEC + deal could be completed in September 2022.
About the situation on the oil market – in the material of “Kommersant” “Production Sales”.