WorldThe price of Brent crude oil fell below $ 69

The price of Brent crude oil fell below $ 69

The price of Brent crude oil at international trading on Wednesday amounted to $ 68.98 per barrel.

At the last auction on Tuesday, the price of a barrel of this brand of oil rose to $ 69.73, but closed the day at $ 69.35.

As of 09.31 am on July 21, the price of Brent crude oil fell by 0.53 percent to $ 68.98 per barrel.

The cost of futures for WTI oil was $ 66.84 per barrel.

After limited gains, oil prices are hovering amid fears that rising coronavirus infections (COVID-19) will negatively impact the global economic recovery.

The decision of the OPEC + countries to increase oil production by 400 thousand barrels per day from August, also negatively affects prices.

According to experts, the OPEC + decision to increase production may stabilize the market in the long term.

At the same time, investors are awaiting the release on Wednesday of data from the US Energy Information Administration on commercial crude oil reserves in the country.

The Anadolu Agency’s website publishes in a shortened form . .(HAS).