Oil prices fell on Monday, impacted by possible new Western sanctions against 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 again 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.
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