August Brent futures on the London stock exchange ICE Futures fell by $0.83 (1.13%) to $72.61 per barrel on June 18 to 8:05 GMT. This is evidenced by the auction data.
WTI crude oil with delivery in July at the electronic trading of the New York commodity exchange (NYMEX) on Monday morning fell by $1.29 (1.98%), to $63.77 per barrel.
According to the results of last week, Brent fell by 4%, WTI – by 2.7%, Interfax reports.
Russia and Saudi Arabia propose to increase oil production by 1.5 million barrels per day in the third quarter of 2018. Such a measure is proposed for the third quarter in order to look at the situation in September and decide on further actions.
On June 22, a regular OPEC meeting will be held in Vienna, on Saturday-talks in the OPEC+ format.