Business & Economy

Oil is going down

Oil prices continued to decline today, Monday, as Brent crude recorded a reading below $71 a barrel, for the first time since June 10.
Brent crude futures fell 3.56% to $70.97 a barrel, and this is the first time that global crude has reached such a level since June 10.
US crude futures also fell 3.97% to $68.72 a barrel.
The decline came after the “OPEC +” group agreed to increase production, which raised concerns about a surplus in crude, in light of the high incidence of corona infection in some countries of the world.

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