Today, Wednesday, 4-21-2021, oil prices recorded a decrease according to international trading prices and for Brent crude futures, they recorded 66.15 dollars compared to 67.68 dollars per barrel, for a decrease of more than 1 dollar per barrel, while US West Texas Intermediate crude futures decreased to 62.20 dollars per barrel. Against $ 63.95 a barrel, the price of a barrel of OPEC oil fell to $ 65.10 a barrel compared to $ 65.20 a barrel.
Media reports stated that oil prices decreased due to international concerns about the spread of the Corona virus and that this would affect demand, and its impact on some economies, and after international data showed a slight increase in the US stockpile.
Oil prices had achieved weekly gains at the end of the trading sessions in the futures markets, Friday, as Brent crude contracts rose by 6.1% compared to the end of the previous week, and US West Texas Intermediate crude contracts rose by 6.4%.
The "OPEC +" group had reached an agreement on a gradual increase in oil production as of May, by increasing production by 350 thousand barrels per day in May, the same in June, then 400 thousand barrels per day in July.
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