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As a result of long negotiations, a decision was reached to extend the terms of the OPEC+11 agreement for another six months. The parties to this agreement reached a consensus on all aspects of the clause, which refers to a decrease in oil production by 1.2 million barrels per day.9-12-2018
On Friday, at the time of the end of trading on European sites, oil prices expectedly fell, confirming the forecasts of experts. In the course of trading on the COMEX exchange (a division of the New York Mercantile Exchange), January futures contracts for US crude oil reached $50.70 a barrel, which means a decline of 1.46% or 0.75 points.2-12-2018