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Oil prices have fallen sharply

Цены на нефть резко обвалилисьThe Brent sharply to lose its position.

World oil prices fell almost 3% ahead of the meeting of the Ministerial Committee of OPEC.

At the end of trading on Friday the price of oil of mark Brent with deliveries in September totaled $47,89 per barrel. September futures for WTI crude oil fell by 2.77% to $45,62 per barrel.

The last time the price of Brent crude oil fell below $48 per barrel on July 13.

24 July, St. Petersburg will host a meeting of the Ministerial monitoring Committee of the agreement of OPEC countries about the decline of oil production. According to analysts, many investors doubt that the market in the near future be balanced.

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