Oil prices record a sharp decline

Oil prices fell on Tuesday, after a noticeable rise recorded on Monday, in light of concerns about supplies, with the possibility that “OPEC +” decides to reduce its production.

By 17:02 Moscow time, US crude futures “West Texas Intermediate” fell by 4.32% to $ 92.82 a barrel.

Meanwhile, Brent crude futures fell 5.03% from below $100 a barrel to $99.80 a barrel, according to Bloomberg website data.

Oil prices jumped on Monday after Saudi Energy Minister Prince Abdulaziz bin Salman said that “OPEC” can reduce its production, at the same time, US businessman Elon Musk predicted that humanity may soon need more oil and gas because without fossil fuels “civilization will collapse.”