Oil prices fell in the morning, continuing the decline from the previous two sessions. The main downward trends were caused by the OPEC+ agreement to increase production and optimistic statements from the US and China about the possibility of a ceasefire in the Gaza Strip. The main factor behind the decline was the OPEC+ decision to increase production, which is seen as a sign of a possible easing of tensions between the two countries. At the same time, experts note that the sharp drop in prices is partly due to the strengthening of the US dollar and the increase in risk appetite among investors, which led to a reduction in demand for safe-haven assets like gold. In this context, experts note that the key decision-makers in Washington and Beijing could become catalysts for the growth of the oil market, which would support prices. However, in the near term, the main role will be played by the OPEC+ agreement to increase production, which confirms their commitment to supporting the market.
