In a world of falling oil prices

Futures on Brent crude oil for March delivery on Thursday morning dropped in price to 56,77 per barrel.

As of 8:24, the price of futures for Brent crude oil fell 0.21%. The price of February futures for WTI dropped to 53.65 per barrel, losing 0.2 percent.

We will remind, during a meeting of OPEC in Vienna on 30 November, the cartel agreed to cut oil production by 1.2 million barrels a day.

Subsequently, on December 10, countries outside OPEC agreed to cut oil production to 558 thousand barrels per day.