(RTTNEWS) – After the rebound seen in the last season, the price of crude oil showed a significant step back on Friday.
For June delivery, crude increased from $ 0.95 or 1.6 percent $ 58.29 per barrel from $ 1.03 or 1.8 percent to $ 59.24 per barrel during Thursday season. With sharp pullbacks during the day, the price of crude oil fell to 7.5 percent for the week.
The futures of crude oil came under pressure in front of the OPEC+ meeting, with a report by the Reuters that the next Monday would be on Saturday after being determined.
With the knowledge of the case, two sources said that Reuters eight OPEC+ countries would meet to decide whether to agree on another quick oil production growth for June or basically to make a small increase according to the plan.
Earlier this week, a report from the Reuters, indicating to Saudi Arabia officials, is telling colleges and experts in the industry that the Kingdom is not ready to pursue the oil market, making further supply cuts on the price.
Reuters said that possible changes in Saudi policy may suggest a step towards producing more and expanding their market share.
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