Brent oil dropped below $ 54za barrel

The price of Brent oil for the first time in more than 15 months dropped below $ 54 per barrel, RBC reports . At a minimum, it reached $ 53.73, which is 1.14%, or $ 0.62, below the closing level of previous bidding.

The price of wti brand oil is also reduced. On December 20, the cost of the barrel of this oil fell 2.8%, and on Friday sank to $ 45.56 (minus 0.7% to the closure of previous bidding).

On December 7, OPEC countries have agreed to reduce oil production since 2019 by 0.8 million barrels. per day. Cartel will require other OPEC+ participating countries to remove another 0.4 million barrels from the market. As a result, the total daily production will decrease by 1.2 million barrels.

The main part of the reduction (800 thousand barrels per day) will have to go to OPEC countries, another 400 thousand on other participants in the agreement, including Russia.