PRICES ON THE WORLD OIL MARKET ARE DECLINING
The current week began with a decline in oil prices. At 9:00 GMT, the price of Brent crude oil was 63 US Dollars 48 cents per barrel, which is 1.01% lower than the closing price of the previous trading day. WTI crude oil fell to $60.13 cents. Investors are assessing the results of last week's regular OPEC+ meeting. The meeting participants decided to ease restrictions on oil production in May, June and July. Experts believe that there is currently uncertainty in the global oil market, as it is affected by multidirectional factors. On the one hand, the improvement in the epidemiological situation in the United States contributes to the growth of oil demand. At the same time, the introduction of more stringent restrictive measures in European countries may cause its reduction. The oil market is waiting for new signals regarding the likely dynamics of demand. In the meantime, it is in a dead-end situation. Said expert Vandana Hari.