OIL PRICE: NEAR $74
Vladimir Vinogradov
WOGNEWS.NET, Global Energy Market Climate Changes News. Новости мирового энергетического рынка, изменений климата.
Brent?fell 59 cents, or 0.8%, to $74.43 a barrel, WTI dropped 67 cents, or 0.9%, to $71.71 a barrel.?
The Organization of the Petroleum Exporting Countries, Russia and allies, together known as OPEC+, have said they could meet ahead of their scheduled Jan. 4 meeting if changes in the demand outlook warrant a review of their plan to add 400,000 barrels per day of supply in January.
Oil prices have also retreated from multi-year highs earlier in the fourth quarter on improved supplies.
Benchmark Brent and WTI both gained around 2% on Thursday, buoyed by record U.S. implied demand and a weaker U.S. dollar as the Bank of England surprised markets with a rate hike, taking a more hawkish stance than the Federal Reserve.