“Oil prices fell on Monday after the US president urged OPEC to cut prices while announcing measures to increase US oil and gas production in his first week in office.”, — write: epravda.com.ua
Oil prices fell on Monday after the US president urged OPEC to cut prices while announcing measures to increase US oil and gas production in his first week in office. Reuters writes about it. Brent crude futures fell 87 cents, or 1.11%, to $77.63 a barrel after rising 21 cents on Friday. U.S. West Texas Intermediate crude settled at $73.77 a barrel, down 89 cents, or 1.19%.Advertisement: However, OPEC and its allies, including Russia, have yet to respond to Trump’s call, with OPEC+ delegates pointing to a plan has already been developed that provides for an increase in production of oil since April. Let’s remind:Advertisement: US President Donald Trump, in his address to world businessmen and political leaders, on January 24, demanded that OPEC reduce oil prices and lower interest rates, and warned them that they would face tariffs if they produced their products elsewhere than the US.