Oil prices fell, in trading today, Tuesday, with investors exercising caution in light of assessing the vision of supply and demand after the decision of the “OPEC +” group.
And by 09:25 Moscow time, US West Texas Intermediate crude futures fell by 0.87%, to $71.52 a barrel.
While Brent crude futures fell by 0.77% to $76.12 a barrel, according to Bloomberg agency data.
The decline came after a rise in the prices of black gold yesterday, after the decision of the “OPEC +” group to make additional cuts starting from next year, Russia’s extension of voluntary cuts, and Saudi Arabia’s announcement of an additional production cut starting next month.
Yesterday, upon settlement, Brent crude futures recorded an increase of 0.8%, while US crude contracts closed up by 0.6%.
This article was originally published by RT.