Oil prices continue to decline
Al-anbat-Yasmin
Tashli
Oil prices
continued to decline, as investors continue to withdraw supplies from strategic
oil reserves from consuming countries, at the time, the truce in Yemen eased
fears of supply disruptions.
Brent crude
futures fell 79 cents, or 0.8 %, to $103.60 a barrel, While US West Texas
Intermediate crude recorded $ 98.45 a barrel, down 82 cents, or 0.8 %.
The futures
contracts for each of the two crudes decreased by one dollar in the beginning
of trading in the markets on Monday.
Oil prices
fell about 13% last week, after US President Joe Biden announced that up to one
million barrels per day will be withdrawn from the US Strategic Petroleum
Reserve for a period of six months starting in May.