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Last posted price was Thursday, July 15, 2021.
Overnight, Sunday, July 18, 2021 - Monday, July 19, 2021, Brent crashed after OPEC+ forced to agree to an increase in production beginning next year.
From Tsvetana Paraskova, "oil prices crash after OPEC+ reaches deal to ease cuts."
Oil prices dropped by 5 percent early on Monday, with WTI Crude slipping to $67 per barrel, after OPEC+ decided on Sunday it would start returning 400,000 barrels per day (bpd) to the market every month beginning in August until it unwinds all the 5.8 million bpd cuts.
5.8 million / 400,000 = 14.5 months.
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