the Price of WTI crude oil on Friday fell more than 10%, as evidenced by the auction. Earlier, OPEC countries+ are unable to agree on production cuts.
as of Friday night, the price of April contracts for WTI crude oil is decreasing by 10.17% to 41.23 USD per barrel. The price of the may contract for North sea petroleum mix of mark Brent falls by 9.4% to 45.29 per barrel, according to RIA Novosti.
on Friday ended in a meeting of representatives of OPEC+, but the countries of the Alliance but no agreement came. From 1 April obligations to restrict the production, no one will.
“Today’s meeting does not mean the failure of negotiations, said the OPEC Secretary Mohammed Barkindo. – Our proposal to reduce production by half a million barrels a day long discussion. In the end the meeting was made the painful decision to postpone the negotiations, but consultations will continue.”