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Oil continues to fall in price

Greater Middle East (bbabo.net), - Today, November 21, in the evening, North Sea Brent oil prices fell to $ 83 per barrel, and US WTI - to $ 76. Prices fell almost 5% at once. This is the lowest cost of raw materials in the last two months.

Another reason for the decline in oil prices was the message from The Wall Street Journal that Saudi Arabia and other OPEC countries are discussing an increase in production. On the eve of the OPEC+ meeting on December 4, the possibility of increasing production by 500 thousand barrels is being considered.

Earlier, oil prices fell on fears of more stringent quarantine restrictions in China and plans of central banks to continue raising rates.

Oil continues to fall in price