World oil prices slightly decrease

World oil prices slightly decrease Global oil prices on Tuesday morning fell slightly on the prospects for the resumption of oil supplies from Iran to the world market, Report informs.
Energy
August 9, 2022 09:33
World oil prices slightly decrease

Global oil prices on Tuesday morning fell slightly on the prospects for the resumption of oil supplies from Iran to the world market, Report informs.

The price of October futures for Brent crude fell by 0.21% to $96.45 per barrel, and September futures for WTI dropped by 0.22% to $90.56.

The cost of oil fell on the prospects of a possible resumption of oil supplies from Iran. Earlier, negotiators from Iran and the United States announced that they were going to Vienna for another round of indirect talks. Washington may lift sanctions on Iranian oil exports in exchange for the suspension of Iran's development in the nuclear industry. If the countries come to a consensus, this will open the possibility for Iran to increase production by about 1 million barrels per day within 8-10 months.

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