This morning, New York crude oil futures for WTI have fallen by 1.04% to $ 45.84 and Brent oil futures fell 0.80% to $ 47.26 per barrel. Thus, the black gold is traded in the red zone on a technical sales background, and because of caution on the eve of the OPEC ministerial meeting next week in Algeria. Lower prices also associated with an increase in oil supplies as the global volume of production exceeds consumption almost constantly since mid 2014.

OPEC may try again to signal the first agreement on curbing production since 2008, when members of the organization will gather in Algiers, but most traders believe that the agreement is unlikely to significantly help reduce the record production figures.