Oil prices continue to fall on Thursday after a significant decline the day before, Interfax reports.
Market attention is focused on data on US stocks, which will be released a day later than usual this week as Monday was a day off in the US.
Investors are still waiting for signals from the OPEC + countries, which have not yet reached an agreement on production levels since August this year.
OPEC+ talks that began last week are deadlocked. Most states support an increase in production of 400 thousand barrels per day (bpd) from August and an extension of the deal until the end of 2022. The exception is the UAE, which is ready to support the increase in production, but not the extension of the deal, insisting on increasing its reference base for the decline in production after April 2022.
The cost of September futures for Brent oil on the London ICE Futures exchange by 8:10 a.m. Kyiv time on Thursday amounted to $73.3 per barrel, which is $ 0.13 (0.18%) below the price at the close of the previous session. As a result of trading on Wednesday, these contracts fell by $1.1 (1.5%) to $73.43 per barrel.
The price of futures for WTI crude oil for August in electronic trading on the New York Mercantile Exchange (NYMEX) by this time amounted to $71.96 per barrel, which is $0.24 (0.33%) below the final value of the previous session. On Wednesday, these contracts fell by $1.17 (1.6%) to $72.2 per barrel.