Oil fell sharply on Monday on the back of the results of OPEC+ meeting on Sunday. In the course of the trading session, oil quotations During the trading session the quotations fell below $68 per barrel for the first time since At the end of the day the price of Brent dropped below $68 per barrel for the first time since May. Brent dropped by 6.71% to $68.65 at the end of the day, WTI was down 7.18% to $66.42, falling by 8% in the afternoon. This morning the first grade is trading at $68.97 and the second at $66.83. The alliance's decisions to increase oil production were above market expectations, which accelerated the drop in quotations. As The alliance's decisions to boost crude output came above market expectations and precipitated a drop in prices. monthly, not only during the winter months, as it was expected. Moreover, reference bases for several countries were raised. At the same time At the same time, there is a worsening pandemic situation with a new strain and increase in the number of diseases, adding to the risk of reduced demand for raw materials and, accordingly, the fears of players. According to experts, the negative impact on prices has also the appreciation of the dollar and an increase in the number of drilling rigs in the U.S.