The price of Brent crude oil falls below $83

New decline in oil prices is observed in the world markets. November futures for Brent crude oil Western European on Thursday, October, 16, fell to 82.91 USD per barrel, by  87 cents lower than the previous day. The price per barrel of WTI fell by 1.07 dollars to 80.71 dollars, according to dpa.

Falling oil prices due to the oversupply in the market. OPEC, producing around 40% of the world's oil, increase production and lower prices. -02D-

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