By the end of 2017, the price of Brent crude may rise to $70 per barrel, according to the analysts of Forex Club Group. At the end of August the price of oil of major reference varieties were fixed with most rapid growth. This took place amid expectations that the OPEC meeting in Algeria in late September will result in the agreement on the freezing of oil production at the current level. According to the preliminary information, the meeting will be held on September 26-28. The production volume has decreased in Venezuela by 200,000 barrels per day. The oil output significantly decreased in Nigeria and almost zeroed in Libya. Russia lost approximately 300,000 barrels per day. U.S. lost 800,000 barrels per day from the peak in 2014.

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