Further pressure in the market was caused by US president Donald Trump, who accused China of violating trade agreements.
Complete oil prices a week with a reduction against the rear of expectations of OPEC+ countries’ decisions associated with the volume of production. Reuters reported this Friday, May 30th.
Like Friday night, July Brent Oil Futures at the Ice London Exchange fell to $ 62.20 per barrel (-1.82%), as the WTI price dropped to $ 59.98 (-1.58%).
Investors look forward to a weekend when a meeting of the expanded OPEC+Alliance should take place. According to media reports, countries that voluntarily reduced the production of 2.2 million barrels per day could increase the production of 411 thousand barrels in July.
Brent futures next time delivery this week fell 1.4%, WTI – of 1.8%.
Further pressure in the market was caused by US president Donald Trump, who accused China of violating trade agreements. This fuel is afraid of worsening the global trade and slowing the world economy.
Recently, global oil prices have decreased after a weekly increase in raw oil in the United States that is more than media reports that Israel is preparing for a possible impact on Iran’s nuclear facilities.
For their part, the European Commission and the most influential EU member state would insist that Russia’s upper oil prices lower to $ 45 per barrel in the framework of strict sanctions against the Russian Federation.
OPEC+ has made a decision that sounds as a sentence for the Russian economy
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.