OPEC countries and their allies, led by Russia, estimate that oil market tensions will persist until the end of the year and oil reserves will remain low until May 2022.
As on a roller coaster, oil trade developed on Tuesday. The brent price first shot to $ 78 a barrel, to drop below $ 75 in the afternoon of Central European Summer Time. The failure of the OPEC + countries to act is to blame.
A barrel of Brent crude oil was trading near $67 on Thursday. This is the last time oil reached this level four weeks ago. After a slight cooling of the market following the OPEC+ meeting, the trend is beginning to reverse.
