[size=30]The drop in oil prices, with doubts about the surplus[/size]07/12/2016 11:26 |
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Direction Press / follow-up
Oil prices fell on Wednesday, because of the continuing uncertainty in the planned reduction in crude oil production, led by OPEC and Russia would be large enough to eliminate the oversupply experienced by the markets for more than two years.
Prices of futures contracts for Brent International fell 24 cents or 0.45 percent to $ 53.69 a barrel, compared with the last close them.
Engagements prices fell futures for WTI US mediator 19 cents or 0.37 percent to $ 50.74 a barrel.
Oil prices have risen dramatically reached 19 percent after the OPEC and Russia announced last week that they Stkhvadan jointly next year production in a bid to boost markets.
But doubts emerged afterwards on whether the planned cuts big enough to end the surplus after talking to both OPEC and Russia for standard production.