Business & Economy

Brent crude oil price fell 0.65% to 81.42 dollars

London, Nov 23 (EFE).- The price of a barrel of Brent crude for January delivery declined by 0.65% to $81.42 on Thursday on the London futures market.

The North Sea crude, Europe’s benchmark, concluded the day on the International Futures Exchange with a $0.54 decrease compared to the previous trade, closing at $81.96.

Brent experienced a dip in anticipation of the upcoming meeting of the Organization of the Petroleum Exporting Countries and its allies, postponed until Nov. 30 due to alleged disagreements among some oil powers regarding the extent of production cuts.

Since September, oil prices have consistently fallen, with OPEC’s introduced cuts seemingly insufficient to counterbalance other factors, including uncertainties about China’s recovery and high production figures from non-OPEC oil-producing countries. EFE

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