Oil on Monday unstable and falls in price

Oil on Monday unstable and falls in price

On Monday, Brent crude oil futures prices fell below $ 108 per barrel, as weak geopolitical problems in the Gaza Strip. Perhaps the most responsive to policy news today is oil.

In the morning on the ICE exchange in London, Brent crude for September delivery reached a session low of – $ 107,79 per barrel.

Investors assess the geopolitical
the situation in the Middle East after the
reported that Hamas and Israel
We agreed on a 24-hour humanitarian
Armistice. Traders are also watching
developments in Ukraine. At the same
time on the New York Mercantile Exchange
WTI crude for delivery in September fell
to $ 101.66 per barrel.

This week, on Wednesday,
Market participants are waiting for the application of
the Fed’s monetary policy, especially
regarding the timing of the increase
interest rates.

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