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Oil prices fell ahead of the New Year

MOSCOW, Dec 31 Oil prices drop on Friday afternoon, following the general sentiment in global markets: on New Year's Eve, investors prefer not to take risks, according to trading data. As of 13.58 Moscow time, the price of March futures for Brent crude oil fell by 0.8% – to 78.9 dollars per barrel, February futures for WTI – by 0.88% , to 76.31 dollars. The news background on Friday remains neutral: the markets are pre-holiday calm. At the same time, investors refrain from risk. Some of the European stock exchanges are declining, and some are closed. Wall Street futures are also trading in the red. The oil market is following the general trend. Oil traders are also awaiting the next OPEC + meeting on January 4, at which the alliance should decide on the further parameters of the deal. According to the current agreements, the alliance is increasing production by 400 thousand barrels per day per month.


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