Global oil prices slightly decrease

Global oil prices fell slightly on June 6 morning, Report informs referring to the auction data.

The price of August futures for Brent crude fell by 0.51% to $76.32 per barrel, July futures for WTI fell by 0.62% to $71.7 per barrel.

A day earlier, the price of oil grew on reports of output cuts, but on June 6 it turned into a negative trend in light of doubts about a possible increase in demand from China.

Following the meeting on June 4, the OPEC+ alliance announced the extension of its deal for 2024 and a decrease in the total target level of oil production by 1.4 million barrels per day from next year.