OPEC+ does not plan to further reduce oil production due to falling prices

The alliance is likely to extend the compensation period to October and November.

Oil continues to trade below $40 per barrel

Last week, Brent fell by 6.6%, WTI – 6.1%.

Oil trades below $40 a barrel again

Commercial oil reserves in the United States increased by 2.03 million barrels last week.

Oil price dropped below $40 per barrel

Covid-19 cases are on the rise in India, the UK, Spain and parts of the US.

Oil prices continue to decline

Investors are under the influence of a possible rise in COVID-19 cases.

Brent fell to $42 per barrel

Saudi Aramco will cut prices for all grades of oil for buyers from Asia and the United States in October.

Oil prices in March-July 2020: record highs

The situation with oil prices has not demonstrated stability over the past 4 months.