Oil Continues to Decrease Awaiting Results of OPEC Meeting

Forex News

World oil prices are falling today, as investors are waiting for the results of the meeting of the OPEC committee. The Committee plans to discuss the implementation by member countries of their obligations to reduce oil production. It is also expected, that the OPEC will be able to reduce historically high global oil reserves.

Brent crude oil fell by 0.42%, to 52.15 dollars per barrel. The price for WTI crude oil decreased by 0.38%, to 49.20 dollars per barrel.