Sunday , August 7 2022

According to US Reserves and OPEC warnings, oil prices dropped to $ 60 per barrel



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Reuters –

On Wednesday, crude oil prices dropped to $ 60 per barrel, and the United States increased its stockpile and dropped the OPEC production next week.

The US Petroleum Institute has increased US oil reserves last week.

Saudi Arabia then denied the OPEC and its allies, and said that this would not be the only action, and Nigeria's refusal to provide a new supply reduction deal.

American Brent Crude and Brent Crude Oil mark Brent Crude Oil was down 20 cents on the New York Mercantile Exchange.

US crude was 10 cents to 51 cents per barrel.

At the beginning of October this year, a quarter of Brent crude oil has fallen by more than 86 percent to more than 30 percent, a slowing down of economic growth in 2019 due to the high demand.

The Organization of Petroleum Exporting Countries (OPEC) and independent producers, including Russia, will meet on December 6 and 7. The OPEC delegates in an interview for Reuters reported that the producers were able to pay $ 1.4 million. And 1.4 million. Discussed the possibility of barrel delivery.

Reuters.

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