World oil prices dropped after OPEC+ Friendship Agreement reached an agreement to increase the product to 2022 by ending inner conflict in the Federation of Friends.



Thinking of 10 h 30 on July 19, Brent's petroleum price dropped 1.5 % to 72.51 USD / Barrel while WTI oil dropped 1.4 % left 70.82 USD.
On July 18, OPEC+ Friendship Federation has decided to increase 400,000 barrels / days from August 2021 until all data reduction during the recovered illness. The deal will also increase the basic product level of Saudi Arabia, UAE, Emirates, Kuwait and Russia from May 2022 according to OPEC's statement, based on its basic productivity level, the country will determine its level of productivity.
This deal will help solve the lack of supply and reduce the risk of increasing oil prices.
The power minister of Saudi Arabia, Mr. Abdulaziz bin Salman performed joyfully in coordination on July 18th.
After 45 % increase in six months, Brent's oil prices have started dropping this month.