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.