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Oil price falls below $90 a barrel ahead of OPEC+ meeting

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Oil prices dropped slightly ahead of the meeting of the Organisation of the Petroleum Exporting Countries and its allies, known as OPEC+.

Brent crude futures, global oil benchmark, fell 0.03 percent to $89.23 a barrel at 10.22 GMT+1 today, while West Texas Intermediate fell 0.05 percent to $88.11 a barrel.

Last week, global oil price rose to $90 a barrel for the first time since October 2014.

Over the past months, oil prices have continued to surge as countries relaxed lockdowns and dropped travel restrictions.

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