Oil prices fell down by 9 percent. The cost of Brent fell below $62 per barrel for the first time since February 11. Experts explain that the situation is quite natural: in their opinion, the price has corrected itself after overheating in the market. Moreover, analysts predict that the oil price will return to the range of $50-60 per barrel in the second half of the year due to the fact that the OPEC + cartel members may start to increase production again.
Within the framework of the March meeting, it was decided to maintain the current level of oil production. The next meeting of the OPEC+ ministerial monitoring committee will take place on March 31, the meeting of the entire alliance will take place on April 1.
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