This comes decline After both contracts rose "Raw brent" And"West Texas Intermediate crude oil" Remarkably, since the start of Russian military operations in Ukraine last February, it reached its highest level since 2008.
Ukrainian and Russian negotiators are scheduled to speak again on Monday via video link after both sides signaled progress.
Tina Ting, analyst at CMC Markets, said: "Oil prices may continue to decline this week as investors understand the impact of sanctions on Russia, and both sides show signs of negotiating a ceasefire".
Maximum density "With markets preparing for much lower supplies between February and early March, the focus has shifted to monetary policy at the Federal Reserve’s Open Market Committee meeting scheduled for this week, which could further strengthen the dollar and put pressure on commodity prices.".
The Federal Reserve meets on March 15-16 to decide whether to raise interest rates.
The US Federal Reserve is expected to start raising interest rates this week, which will put downward pressure on oil prices.
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And the price fell barrel the one from Crude Oilon Monday, to 103.33 dollars, according to the “Archyde.com” agency.
This comes decline After the “Brent” and “West Texas Intermediate” contracts rose remarkably since the start of Russian military operations in Ukraine last February, and reached the highest level since 2008.
Ukrainian and Russian negotiators are scheduled to speak again on Monday via video link after both sides signaled progress.
“Oil prices may continue to fall this week as investors absorb the impact of sanctions on Russia, and both sides show signs of negotiating a ceasefire,” said Tina Ting, an analyst at CMC Markets.
“With markets preparing for much lower supplies between February and early March, the focus has shifted to monetary policy at the Federal Reserve’s Open Market Committee meeting scheduled for this week, which could further strengthen the dollar and put pressure on commodity prices,” Ting added. “.
The Federal Reserve meets on March 15-16 to decide whether to raise interest rates.
The US Federal Reserve is expected to start raising interest rates this week, which will put downward pressure on oil prices.