London / 02.07.2021 09:07:24
Oil prices fell after the OPEC + announcement about suspending its supply policy meeting, amid versions of sources that indicated that United Arab Emirates criticized plans to return 2 million barrels per day (bpd) to the market in the second half of the year.
Crude futures Brent they were down 15 cents, or 0.20 percent, at $ 75.69 a barrel, after advancing 1.6 percent yesterday. For its part, the futures of the West Texas Intermediate in the United States (WTI) They were down 10 cents, or 0.13 percent, to $ 75.13 a barrel, after climbing 2.4 percent the day before, closing at their highest since October 2018.
Both benchmark contracts posted gains Thursday on the company’s unexpectedly cautious plans. Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC +.
The proposal, which according to sources had the support of ASaudi rage and RussiaIt was for the alliance to reimburse 400 thousand bpd per month from August until the end of the year.
Prices fell, however, after it emerged that the plan met resistance from the UAE and OPEC + postponed a ministerial meeting to Friday.
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