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World oil prices fell sharply, this evening, by more than 7%, and Brent crude fell to its lowest level since July 11, 2017, in light of the news about the meeting of representatives of “OPEC +” countries.
Moscow – Sputnik. According to the trading data, as of 18.09 Moscow time, The price of contracts fell May futures for Brent crude, up 7.26% to $ 46.36 a barrel, and April West Texas Intermediate crude futures – 7.71%, to $ 42.36 a barrel.
Investors have paid attention to media reports that the “OPEC +” talks are on the verge of collapse.
According to reports, “OPEC” and “OPEC +” representatives were unable to agree on the timing of extending the current reduction.
Bloomberg reported that OPEC + negotiations ended without an agreement, because Russia had not agreed to Extra discounts In production.