Crude oil prices continue to decline at the global market level, as they fell at the beginning of Monday morning by about 1.5 percent, amid the return of fears of a decline in demand.
According to the data of the specialized energy platform, this decline comes after Chinese officials, at the end of the week, reiterated their commitment to a strict approach to contain the Coronavirus, which has spread again at an alarming pace, which has dashed hopes for a recovery in demand for oil in the largest importer of crude in the world.
The price of Brent crude futures fell by 1.30 percent, or $97.29 a barrel, and with it, the price of US West Texas crude futures fell by 1.57 percent to $91.16 a barrel.
Furthermore, crude oil prices ended their transactions at the end of last week on the impact of the rise, estimated at about 5 percent, and with the support of the decline of the US dollar, as Brent and West Texas crude witnessed a rise in weekly gains estimated at about 5.1 percent and 5.4 percent, respectively.
Soukaina Sghir