Oil prices collapsed 3 December

Brent oil prices collapsed, dropping below 66 dollars per barrel for the first time from August 19. During the bidding at the London Stock Exchange, she traded 65.8 dollars. At the time of writing a note, its cost was $ 67 (minus 2.72 percent).

WTI grade oil lowered to $ 62.48 (minus 4.72 percent). Later, the price was adjusted, rising to 64.2 dollars (minus 2.09 percent).

Quotes are reduced against the background of the Reuters message with reference to the sources that OPEC countries + decided to increase oil production in January at 400 thousand barrels per day. The final decision on this issue will be accepted at the meeting on December 2.

previously analysts allowed that OPEC + will not go to this step due to the new Omicron strain of coronavirus. Its distribution can lead to new locomothes worldwide, which will slow down the development of the global economy and reduce the need for oil.

/Media reports.