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[size=36]Oil futures are down 6%.[/size]
Economie| 10:09 - 19/07/2021
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Baghdad - Mawazine News:
Oil prices fell by 6%, on Monday, against the backdrop of the agreement of (OPEC +) members to increase production starting from next August.
The international benchmark Brent crude contracts fell 5.5% to $69.55 a barrel, and US crude contracts tumbled more than 6% to $67.42 a barrel.
This decline comes due to the agreement to increase production, which raises concerns about an excess supply of crude, while infections with the Corona virus are increasing around the world.
Oil prices fell by 6%, on Monday, against the backdrop of the agreement of (OPEC +) members to increase production starting from next August.
The international benchmark Brent crude contracts fell 5.5% to $69.55 a barrel, and US crude contracts tumbled more than 6% to $67.42 a barrel.
This decline comes due to the agreement to increase production, which raises concerns about an excess supply of crude, while infections with the Corona virus are increasing around the world.
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