![The oil price is stable due to the planned increase in production from OPEC+](https://img.unn.ua/img/2024/09/02/1725274890-2698-large.webp)
The oil price is stable due to the planned increase in production from OPEC+
Kyiv • UNN
The price of oil has stabilized due to a comparison of the increase in OPEC+ production and the decline in Libya. Brent is trading at around $77 per barrel, while WTI is below $74 amid economic problems in China and India.
The price of oil has stabilized as traders compare the planned increase in production from OPEC+ next month against the lower production in Libya that is currently available.
Written by UNN with reference to Bloomberg.
Brent for September is trading at around $77 a barrel after losing more than 2% on Friday. West Texas Intermediate held below $74. OPEC+ should add 180,000 barrels a day as they gradually resume production, which has been suspended since 2022, according to delegates who participated in the discussions.
Over the weekend, Chinese data showed that industrial activity contracted for a fourth month in August and the housing slump deepened, raising concerns that the world's largest crude oil importer may struggle to meet this year's economic growth target. Diesel sales in India also fell sharply last month.
Oil has lost much of its gains this year as expectations of ample supply and signs of economic difficulties, including in the US, weighed on prices.
Volatility has increased in recent weeks, with oil futures experiencing their largest intraday swings in months.
OPEC+ has repeatedly stated that it can “suspend or cancel” the planned production increase if necessary, although the political crisis in Libya, which halved the country's production, could give the alliance room to increase the number of barrels.
The oil market continues to trade on concerns about the possible consequences for prices due to the combination of rising production in OPEC+ and weakening global economic growth
Recall
Oil ended the last week of August with a significant decline in the market.
Benchmark oil brands showed negative dynamics on Friday, August 30. In particular, crude oil prices declined as investors weighed expectations of an increase in OPEC+ supply starting in October.
In addition, the market is influenced by hopes for a significant interest rate cut in the US, which is forecast for September after data showing strong consumer spending, according to Reuters.
Popular
![The government approved the restoration of destroyed enterprises on the principle of “build back better” The government approved the restoration of destroyed enterprises on the principle of “build back better”](https://img.unn.ua/img/2024/09/02/1725260943-2452-thumb.webp)
The government approved the restoration of destroyed enterprises on the principle of “build back better”
![Zelenskyy: All working schools and universities today are proof of the resilience of the Ukrainian people Zelenskyy: All working schools and universities today are proof of the resilience of the Ukrainian people](https://img.unn.ua/img/2024/09/02/1725260806-4077-thumb.webp)
Zelenskyy: All working schools and universities today are proof of the resilience of the Ukrainian people
![Rescuers eliminate the consequences of an enemy attack in Kyiv Rescuers eliminate the consequences of an enemy attack in Kyiv](https://img.unn.ua/img/2024/09/02/1725252719-1526-thumb.webp)
Rescuers eliminate the consequences of an enemy attack in Kyiv
![Poland raises air force due to Russia's massive strikes in Ukraine Poland raises air force due to Russia's massive strikes in Ukraine](https://img.unn.ua/img/2024/09/02/1725252499-3115-thumb.webp)
Poland raises air force due to Russia's massive strikes in Ukraine
![Russia attacks Nikopol region with kamikaze drones and artillery Russia attacks Nikopol region with kamikaze drones and artillery](https://img.unn.ua/img/2024/09/02/1725251625-3440-thumb.webp)
Russia attacks Nikopol region with kamikaze drones and artillery
Publications
![Ex-MP Rizanenko's Russian connections: possible dual citizenship and real estate in Crimea Ex-MP Rizanenko's Russian connections: possible dual citizenship and real estate in Crimea](https://img.unn.ua/img/2024/09/02/1725281011-4336-thumb.webp)
Ex-MP Rizanenko's Russian connections: possible dual citizenship and real estate in Crimea
![It all started with $400 and a single knitting machine - how a knitting factory that is known in Ukraine and abroad works in Brovary It all started with $400 and a single knitting machine - how a knitting factory that is known in Ukraine and abroad works in Brovary](https://img.unn.ua/img/2024/09/02/1725278259-1299-thumb.webp)
It all started with $400 and a single knitting machine - how a knitting factory that is known in Ukraine and abroad works in BrovaryExclusive
![Fugitive ex-MP or a waiter: Pavlo Rizanenko and his alleged connection to the FSB Fugitive ex-MP or a waiter: Pavlo Rizanenko and his alleged connection to the FSB](https://img.unn.ua/img/2024/08/30/1725027956-2714-thumb.webp)
Fugitive ex-MP or a waiter: Pavlo Rizanenko and his alleged connection to the FSB
![The conflict between anti-corruption activists is growing: Uglava filed a complaint against NABU director with NACP and became a whistleblower The conflict between anti-corruption activists is growing: Uglava filed a complaint against NABU director with NACP and became a whistleblower](https://img.unn.ua/img/2024/08/30/1725024673-2931-thumb.webp)
The conflict between anti-corruption activists is growing: Uglava filed a complaint against NABU director with NACP and became a whistleblower
![With shelters and warm rooms: schools and kindergartens of Brovarska Hromada are ready for the new school year With shelters and warm rooms: schools and kindergartens of Brovarska Hromada are ready for the new school year](https://img.unn.ua/img/2024/08/30/1725020664-1718-thumb.webp)
With shelters and warm rooms: schools and kindergartens of Brovarska Hromada are ready for the new school year
![Helped Russia seize Luhansk region: terrorist leader of the “Ghost” group sentenced to 14 years in prison Helped Russia seize Luhansk region: terrorist leader of the “Ghost” group sentenced to 14 years in prison](https://img.unn.ua/img/2024/09/02/1725286132-4055-thumb.webp)
Helped Russia seize Luhansk region: terrorist leader of the “Ghost” group sentenced to 14 years in prison
![Kherson was attacked by Russia in the afternoon: an 18-year-old girl was injured Kherson was attacked by Russia in the afternoon: an 18-year-old girl was injured](https://img.unn.ua/img/2024/09/02/1725285789-4955-thumb.webp)
Kherson was attacked by Russia in the afternoon: an 18-year-old girl was injured
![General Staff on the situation at the front: 105 combat engagements took place, the enemy is most active in three sectors General Staff on the situation at the front: 105 combat engagements took place, the enemy is most active in three sectors](https://img.unn.ua/img/2024/09/02/1725285657-2351-thumb.webp)
General Staff on the situation at the front: 105 combat engagements took place, the enemy is most active in three sectors
![Ministry of Defense authorizes delivery of domestic armored personnel carrier “Khorunzhyi” to the Defense Forces Ministry of Defense authorizes delivery of domestic armored personnel carrier “Khorunzhyi” to the Defense Forces](https://img.unn.ua/img/2024/09/02/1725284810-2462-thumb.webp)
Ministry of Defense authorizes delivery of domestic armored personnel carrier “Khorunzhyi” to the Defense Forces
![The Netherlands stays with Ukraine economically and militarily - Prime Minister Schoof The Netherlands stays with Ukraine economically and militarily - Prime Minister Schoof](https://img.unn.ua/img/2024/09/02/1725284797-1563-thumb.webp)
The Netherlands stays with Ukraine economically and militarily - Prime Minister Schoof
![Relations between the Netherlands and Ukraine will be eternal - Prime Minister Schoof Relations between the Netherlands and Ukraine will be eternal - Prime Minister Schoof](https://img.unn.ua/img/2024/09/02/1725286279-4231-thumb.webp)
Relations between the Netherlands and Ukraine will be eternal - Prime Minister Schoof
![More than 2 million students started the school year offline - Zelenskyy More than 2 million students started the school year offline - Zelenskyy](https://img.unn.ua/img/2024/09/02/1725285724-1305-thumb.webp)
More than 2 million students started the school year offline - Zelenskyy
![The first 40 schools have joined Mriya: Zelensky presents new app The first 40 schools have joined Mriya: Zelensky presents new app](https://img.unn.ua/img/2024/09/02/1725285461-3740-thumb.webp)
The first 40 schools have joined Mriya: Zelensky presents new app
![We will still come to digital elections - Zelenskyy We will still come to digital elections - Zelenskyy](https://img.unn.ua/img/2024/09/02/1725285166-3954-thumb.webp)
We will still come to digital elections - Zelenskyy
![The Netherlands stays with Ukraine economically and militarily - Prime Minister Schoof The Netherlands stays with Ukraine economically and militarily - Prime Minister Schoof](https://img.unn.ua/img/2024/09/02/1725284797-1563-thumb.webp)
The Netherlands stays with Ukraine economically and militarily - Prime Minister Schoof
![Helped Russia seize Luhansk region: terrorist leader of the “Ghost” group sentenced to 14 years in prison Helped Russia seize Luhansk region: terrorist leader of the “Ghost” group sentenced to 14 years in prison](https://img.unn.ua/img/2024/09/02/1725286132-4055-thumb.webp)
Helped Russia seize Luhansk region: terrorist leader of the “Ghost” group sentenced to 14 years in prison
![Kherson was attacked by Russia in the afternoon: an 18-year-old girl was injured Kherson was attacked by Russia in the afternoon: an 18-year-old girl was injured](https://img.unn.ua/img/2024/09/02/1725285789-4955-thumb.webp)
Kherson was attacked by Russia in the afternoon: an 18-year-old girl was injured
![General Staff on the situation at the front: 105 combat engagements took place, the enemy is most active in three sectors General Staff on the situation at the front: 105 combat engagements took place, the enemy is most active in three sectors](https://img.unn.ua/img/2024/09/02/1725285657-2351-thumb.webp)
General Staff on the situation at the front: 105 combat engagements took place, the enemy is most active in three sectors
![Ministry of Defense authorizes delivery of domestic armored personnel carrier “Khorunzhyi” to the Defense Forces Ministry of Defense authorizes delivery of domestic armored personnel carrier “Khorunzhyi” to the Defense Forces](https://img.unn.ua/img/2024/09/02/1725284810-2462-thumb.webp)
Ministry of Defense authorizes delivery of domestic armored personnel carrier “Khorunzhyi” to the Defense Forces
![The Netherlands stays with Ukraine economically and militarily - Prime Minister Schoof The Netherlands stays with Ukraine economically and militarily - Prime Minister Schoof](https://img.unn.ua/img/2024/09/02/1725284797-1563-thumb.webp)
The Netherlands stays with Ukraine economically and militarily - Prime Minister Schoof
![Relations between the Netherlands and Ukraine will be eternal - Prime Minister Schoof Relations between the Netherlands and Ukraine will be eternal - Prime Minister Schoof](https://img.unn.ua/img/2024/09/02/1725286279-4231-thumb.webp)
Relations between the Netherlands and Ukraine will be eternal - Prime Minister Schoof
![More than 2 million students started the school year offline - Zelenskyy More than 2 million students started the school year offline - Zelenskyy](https://img.unn.ua/img/2024/09/02/1725285724-1305-thumb.webp)
More than 2 million students started the school year offline - Zelenskyy
![The first 40 schools have joined Mriya: Zelensky presents new app The first 40 schools have joined Mriya: Zelensky presents new app](https://img.unn.ua/img/2024/09/02/1725285461-3740-thumb.webp)
The first 40 schools have joined Mriya: Zelensky presents new app
![We will still come to digital elections - Zelenskyy We will still come to digital elections - Zelenskyy](https://img.unn.ua/img/2024/09/02/1725285166-3954-thumb.webp)
We will still come to digital elections - Zelenskyy
![The Netherlands stays with Ukraine economically and militarily - Prime Minister Schoof The Netherlands stays with Ukraine economically and militarily - Prime Minister Schoof](https://img.unn.ua/img/2024/09/02/1725284797-1563-thumb.webp)
The Netherlands stays with Ukraine economically and militarily - Prime Minister Schoof
![National Cashback Beta Test Launched in Diia: How to Join the Program National Cashback Beta Test Launched in Diia: How to Join the Program](https://img.unn.ua/img/2024/09/02/1725282379-2225-thumb.webp)
National Cashback Beta Test Launched in Diia: How to Join the Program
![MP: State Tax Service blocked tax invoices worth UAH 4.5 billion in July MP: State Tax Service blocked tax invoices worth UAH 4.5 billion in July](https://img.unn.ua/img/2024/09/02/1725282364-3547-thumb.webp)
MP: State Tax Service blocked tax invoices worth UAH 4.5 billion in July
![The NBU proposes to replace the name of the “kopiyka” coin with “shag” The NBU proposes to replace the name of the “kopiyka” coin with “shag”](https://img.unn.ua/img/2024/09/02/1725281024-3894-thumb.webp)
The NBU proposes to replace the name of the “kopiyka” coin with “shag”
![It all started with $400 and a single knitting machine - how a knitting factory that is known in Ukraine and abroad works in Brovary It all started with $400 and a single knitting machine - how a knitting factory that is known in Ukraine and abroad works in Brovary](https://img.unn.ua/img/2024/09/02/1725278259-1299-thumb.webp)
It all started with $400 and a single knitting machine - how a knitting factory that is known in Ukraine and abroad works in BrovaryExclusive
![Birthday of the hryvnia: experts of the Kyiv Scientific Research Institute of Forensic Expertise told how the protection of the national currency is being strengthened, about the tricks of counterfeiters and their experience in exposing them Birthday of the hryvnia: experts of the Kyiv Scientific Research Institute of Forensic Expertise told how the protection of the national currency is being strengthened, about the tricks of counterfeiters and their experience in exposing them](https://img.unn.ua/img/2024/09/02/1725278339-3225-thumb.webp)
Birthday of the hryvnia: experts of the Kyiv Scientific Research Institute of Forensic Expertise told how the protection of the national currency is being strengthened, about the tricks of counterfeiters and their experience in exposing themExclusive
![Morning strike on the capital: the aftermath of the Russian missile attack continues in Kyiv Morning strike on the capital: the aftermath of the Russian missile attack continues in Kyiv](https://img.unn.ua/img/2024/09/02/1725280776-4682-thumb.webp)
Morning strike on the capital: the aftermath of the Russian missile attack continues in Kyiv
![Entrepreneur was cheated out of $250 thousand in cryptocurrency: law enforcement officers expose criminal group of extortionists Entrepreneur was cheated out of $250 thousand in cryptocurrency: law enforcement officers expose criminal group of extortionists](https://img.unn.ua/img/2024/09/02/1725278809-2704-thumb.webp)
Entrepreneur was cheated out of $250 thousand in cryptocurrency: law enforcement officers expose criminal group of extortionists
![One of the driest Augusts on record: four temperature records were set in Kyiv last month One of the driest Augusts on record: four temperature records were set in Kyiv last month](https://img.unn.ua/img/2024/09/02/1725277583-3369-thumb.webp)
One of the driest Augusts on record: four temperature records were set in Kyiv last month
![Russia hit Kyiv this morning with missiles produced in the third quarter of this year - source Russia hit Kyiv this morning with missiles produced in the third quarter of this year - source](https://img.unn.ua/img/2024/09/02/1725266386-4131-thumb.webp)
Russia hit Kyiv this morning with missiles produced in the third quarter of this year - sourceExclusive
![Destruction and damage in 6 districts due to Russia's massive attack on Kyiv: consequences shown Destruction and damage in 6 districts due to Russia's massive attack on Kyiv: consequences shown](https://img.unn.ua/img/2024/09/02/1725265739-2477-thumb.webp)