Oil prices on world markets drop on Tuesday after reaching on the eve of the highs from July 2015.

08:48 the cost of the February futures for North sea petroleum mix of mark Brent has decreased on 0,64%, to $54,59 per barrel. The price of January futures for WTI decreased by 0.85% to $51,35 per barrel.

We will remind, on Monday the price of Brent crude oil rose above $55 a barrel, the highest level since July 24, 2015. The WTI price rose to $52,42 per barrel, which was the high from July 15, 2015.

Representatives of OPEC member States at a meeting in Vienna on 30 November agreed to reduce oil production from January 2017. The result is a six-hour negotiations, the participants agreed to reduce production by 1.2 million barrels per day to maximum daily production does not exceed 32.5 million barrels.

Prices for Brent crude have moved away from the psychological mark of $55 06.12.2016

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