Singapore-SANA
Oil prices touched high levels not recorded since October 2018, and then fell from them, at a time when investors focus on the OPEC meeting this week.
Reuters reported that Brent crude for August delivery fell one cent to $76.17 a barrel, while US West Texas Intermediate crude for August delivery recorded $74.09 a barrel, an increase of four cents.
The OPEC Plus group returns to the market 1.2 million barrels of crude, starting from May until the end of July, as part of a plan to gradually reduce the unprecedented production restrictions that began last year.
OPEC Plus meets on July 1, production cuts may be further reduced in August as oil prices rise and demand recovers.
