Oil prices fall after two days of growth

World oil prices declined slightly on Wednesday morning after a two-day rise, Report informs.

The price of December futures for Brent crude fell by 0.07% to $91.74 per barrel, and November futures for WTI decreased by 0.16% to $86.38.

The decline is facilitated by reports that OPEC + will consider reducing the production by more than 1 million barrels per day at a meeting in Vienna, which will be held on October 5. Thus, for two days, the cost of Brent oil increased by 4.33%, and WTI rose by 8.67%.

Markets are also waiting for the weekly US Department of Energy statistics on oil reserves on Wednesday. Analysts believe that commercial oil stocks for the week to September 30 rose by 2 million barrels.