Perhaps this is an essential factor in supporting oil prices. Their reversal to growth in the second quarter based on a sharp decline in the production of OPEC countries, and an output reduction in countries that did not formally join the agreement. Now OPEC is considering some ease for quotas since August, and Mexico is refusing initial agreements. If resumption of production, or at least the restoration of drilling activity, is added to this, the growth trend in oil quotes may be finally broken.
The FxPro Analyst Team