Brent

Global oil prices drop below $70 as OPEC+ reaches deal on output boost

2 monthes ago   |   By RT

Major global crude benchmarks Brent and WTI continued to trade below $70 per barrel on Tuesday after the Organization of the Petroleum Exporting countries and allies reached a deal to raise oil production.
US crude benchmark WTI fell nearly 8% and closed around $66 a barrel on Monday, marking the biggest one-day decline since September 2020. It now stands 13% below its peak high in over six years of $77 a barrel, reached in July.
Monday's trading also saw international benchmark Brent crude plunging nearly 7% and settling below $69 a barrel.
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