Oil prices fell today, Friday, as energy market participants continue to assess possible measures by central banks in the world to fight inflation in light of the recent crisis in the banking sector.
By 09:06 Moscow time, US crude contracts fell by 0.09% to $74.3 a barrel, while Brent crude futures fell by 0.22% to $78.43 a barrel.
“If data from the US does not start to point to recession and the (energy) market shows risk appetite, the oil recovery could continue thanks to a less aggressive Federal Reserve policy, a slightly cheaper dollar and hopes for a recovery,” said Stephen Innes, managing partner of SBI. Chinese economy”.
Oil markets are also awaiting the results of the meeting of the Ministerial Monitoring Committee of the “OPEC +” group, which is scheduled to be held next Monday.
This article was originally published by RT.