–
–
Oil prices have fallen the most since March
–
Oil fell 7% during trading on Monday, marking the biggest price drop since March after the OPEC + group agreed to gradually increase production, BNR reported.
This has provoked new concerns about the supply of black gold amid growing coronavirus infections in a number of countries, which has renewed concerns about oil consumption.
Brent oil futures fell nearly 6.8 percent to $ 68.60 a barrel and US light crude oil WTI fell 7.3 percent to 66.30 a barrel.
The solid price drop of more than $ 5 a barrel during the day was the result of the OPEC + group’s decision over the weekend to increase global oil supplies from August to the end of 2021 by a total of 2 million barrels per day. day (400 thousand barrels per month), after currently the oil cartel continues to limit its production by 5.8 million barrels per day.
At the same time, the growing incidence of coronavirus infection in a number of countries, mainly due to the Delta option, renews concerns about future oil consumption.
– .
