Oil market starts week with decreasing prices
Oil prices fell by 1.77-1.86%
As of October 26 (07:49 Moscow time), Brent Crude futures for December delivery fell by 1.77% to $41.03 per barrel on the London-based ICE Futures Europe Exchange.
Light Sweet Crude (WTI) futures for December delivery on the New York Mercantile Exchange fell by 1.86% to $39.11 per barrel.
OPEC+ approved on April 12, 2020, new oil output cut by 9.7 million bpd in May-June, 7.7 million bpd in the second half and 5.8 million bpd by May 2022.