The price of Brent oil fell to $98 per barrel
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The price of Brent oil on the London ICE exchange fell to $98 per barrel, should from market data.
At 18:01 Moscow time, the price of October futures was $98.61. The peak price reached by Brent oil for the day was $102.37 per barrel.
July 29, the cost of September Brent futures during trading increased from $108 and reached $110.45 per barrel for the first time since July 5.
Earlier today, the 31st ministerial meeting of the participants in the OPEC+ deal was held, as part of which it was decided to increase oil production by 100,000 barrels per day in September, while Russia and Saudi Arabia will be able to add 26,000 barrels per day.
In mid-July, the Russian government decided to develop its own reference grade of oil by 2023. It is also planned to launch trading of this oil on the national platform. The plan was adopted after the West imposed sanctions on oil supplied from Russia.
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