Oil Prices Fall After OPEC Production Increase

Dubai – (Massader News )

Oil prices fell on Tuesday’s trading and the price of NYMEX crude futures fell 1.8% to $ 51.78 a barrel.

Traders attributed the fall in oil prices to reports of increased OPEC supplies, and oil has recorded the highest gains in two months.

Oil production in July increased by 210,000 barrels per day to reach its highest level in 2017, according to data from the Organization of Petroleum Exporting Countries.

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