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Crude for July delivery is reduced to $ 0.37 or 0.6 percent to $ 61.20 per barrel, lower for the third consecutive season.
After a report by Bloomberg, there was a continuous decrease of crude oil futures, OPEC+ members are discussing increase in third consecutive oil production in July.
Citing OPEC+ representatives, Bloomberg said that an output increase of 411,000 barrels in a day for July – initially the amount planned is one of the options under triple – discussion.
Bloomberg mentioned that no final agreement has been signed yet, with a final decision to be held on 1 June at the group meeting.
Oil prices were also affected by Washington’s shortage of balloons and the upcoming US-Iran talks and potential to restore restrictions.
The fifth round of Iran-US talks on Tehran’s nuclear program will be held in Rome on Friday, the announcement by Oman’s Foreign Minister Badr Albusaidi in a brief statement.
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