TOKYO (Reuters) – The OPEC + distribution policy fell ahead of a meeting on Monday, which could decide whether to continue the latest price rally as the world continues to recover from the COVID-19 epidemic.
Crude oil prices fell 24 cents, or 0.3 percent, to 7944 per 0143 GMT.
Brent rose 1.5 percent last week, the fourth consecutive weekly increase.
U.S. oil prices, which have risen over the past six weeks, fell 27 cents, or 0.4 percent, to $ 75.61.
Oil prices soared amid supply disruptions and global demand recovery, pushing Brendan to a nearly three-year high of $ 80 last week.
(ANZ Research) In a note, “Risk hunger has been fueled by growing confidence in a strong rise in global growth … Investors are focusing on the upcoming OPEC + meeting.”
OPEC +, which includes allies including the Organization of the Petroleum Exporting Countries (OPEC) and Russia, is scheduled to meet later Monday.
(Produced by Ahmed Sophie for the Arabic Newsletter)
Fusion Media No one associated with Fusion Media will be liable for any loss or damage resulting from relying on information on the Website, including the purchase / sale of data, quotes, charts and signals. Please be fully informed about the risks and costs associated with financial market trading, which is one of the potentially risky investment forms.
“Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator.”