Baku-APA. The price of Brent crude on the world market has fallen by 11,3% to $48,6, APA reports quoting TASS.
Brent price decline in one trading session was the highest since November 27, when the Organization of Petroleum Exporting Countries (OPEC) has kept production quotas at the level of 30 million barrels per day, has fallen off the price of oil by 9%.
It should be noted that on August 31, oil has risen sharply since the publication of the bulletin of OPEC, which states that the organization is ready to negotiate with the countries-getters oil by non-OPEC to stabilize world oil prices.
So, in the course of trading on Monday, August 31, the price of a barrel of Brent crude soared to 8% and exceeded the mark of $ 54.na 11.3% to $ 48.6 per barrel