Oil prices fell on Monday, impacted by possible new Western sanctions once morest Russia and the use of strategic black gold reserves.
Thus, a barrel of Brent from the North Sea for delivery in June dropped 0.92% to 103.43 dollars.
A barrel of US West Texas Intermediate (WTI) for delivery in May lost 0.64% to 98.63 dollars.
Indeed, Russian imports provide Europe with 40% of its natural gas needs and 30% for oil.
US President Joe Biden tried once more on Thursday to lower oil prices by authorizing the use of more than 180 million barrels in the next six months. The 30 other member countries of the IEA have also promised to dip into their strategic reserves.
Editor-in-Chief Prize-winning journalist with over 20 years of international news experience. Alexandra leads the editorial team, ensuring every story meets the highest standards of accuracy and journalistic integrity.
