Oil: prices down slightly ahead of expected OPEC decisions

Oil prices continued to fall on Tuesday, August 2, after the previous day’s plunge, following the publication of disappointing manufacturing data around the world raising fears for crude demand , the day before an OPEC + meeting. with an uncertain outcome.

Around 9:10 a.m. GMT (11:10 a.m. in Paris), a barrel of Brent from the North Sea for delivery in October lost 0.76% to 99.28 dollars. A barrel of US West Texas Intermediate (WTI) for September delivery fell 0.59% to 93.34 dollars. Prices are falling due to “weak July manufacturing PMI indices around the world”, comments Stephen Innes, analyst at SPI.