Oil Prices Fall Amid Expectations of Increased Supply

Oil prices declined in early trading on Monday, continuing their losses from last week, amid expectations that oil exports from the Kurdistan region of Iraq will resume. Investors are also awaiting clarification on talks aimed at ending the war between Russia and Ukraine.اضافة اعلان

According to Bloomberg news, Brent crude futures dropped by 20 cents, reaching $74.23 per barrel, while West Texas Intermediate (WTI) crude fell by 28 cents, reaching $70.12 per barrel.

Both crude benchmarks fell by more than two dollars per barrel on Friday, marking weekly declines as well.